Log In/Sign Up
Your email has been sent.
506 McLaughlin St 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 5.24% Cap Rate Richmond, CA 94805
Investment Highlights
- Four-unit apartment building with a consistent two-bedroom unit mix.
- Positioned within the East Bay with connectivity to major employment centers.
- Located within an established Richmond residential neighborhood.
Executive Summary
506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one-bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area.
The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity — with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income-
producing multifamily asset.
The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity — with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income-
producing multifamily asset.
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $300,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.24% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 11.4 | Building Size | 3,594 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | MR - Multifamily Residential | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,594 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | MR - Multifamily Residential |
Amenities
Unit Amenities
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,198 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 519-210-013-8 | Improvements Assessment | $500,316 |
| Land Assessment | $131,654 | Total Assessment | $631,970 |
Property Taxes
Parcel Number
519-210-013-8
Land Assessment
$131,654
Improvements Assessment
$500,316
Total Assessment
$631,970
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
506 McLaughlin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.