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501 S 30th St 4 Unit Apartment Building $949,000 ($237,250/Unit) 6.15% Cap Rate Richmond, CA 94804
Investment Highlights
- Building is fully occupied.
- New roof on property and garage.
- Each unit comes with a designated detached covered parking garage.
Executive Summary
Very will maintained 4 unit complex with huge upside potential. All 4 rents are below market and 3 of the 4 are extremely lower than going average rate for the area, large upside potential. Unit sizes are larger than other similar structures in the area. Also each unit comes with a designated detached covered parking garage which could be made into 2 JDU's and a large open backyard that could also fit an ADU. The building is fully occupied at the moment and is always easy to rent. New roof on property and garage just recently installed. Proforma Cap Rate in disclosure packet. Owner also has a coin op shared laundry onsite. Reach out to listing agent for more info.
Property Facts
| Price | $949,000 | Building Class | C |
| Price Per Unit | $237,250 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,132 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-2 | ||
| Price | $949,000 |
| Price Per Unit | $237,250 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | C-2 |
Amenities
Site Amenities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 549-192-011-1 | Improvements Assessment | $449,209 |
| Land Assessment | $432,972 | Total Assessment | $882,181 |
Property Taxes
Parcel Number
549-192-011-1
Land Assessment
$432,972
Improvements Assessment
$449,209
Total Assessment
$882,181
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Presented by
Applegate Inc.
501 S 30th St
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