Richmond, CA 94804,5534 Jefferson Ave
Richmond, CA 94804,5534 Jefferson Ave
Richmond, CA 94804,5534 Jefferson Ave
6
$1,101,010
$925,000
19.0%
Est.Price: ?

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5,000 Sqft Lot

5534 Jefferson Ave Richmond, CA 94804

Est. payment /mo
SOLD DATE : 09/10/2024

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Key Details

Sold Price $1,101,010

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41069498

Sold Date 09/10/24

HOA Y/N No

Year Built 1966

Lot Size 5,000 Sqft

Property Description

This offering at 5534 Jefferson Avenue, Richmond, CA is offered for sale for the first time in over forty years. The subject property is located just six-blocks south of the El Cerrito Del Norte BART station and five-blocks from Safeway. The property provides an ideal location walking distance to groceries, public transport, and an easy commute via Hwy-80 to nearby job Centers of Downtown Oakland, and San Francisco. The property sits on a 0.12-acre parcel, constructed circa 1966 (per property records), featuring wood frame with stucco siding, and a flat roof. The complex features spacious units, with three, two-bedroom/one-bath apartments, and a three-bedroom/two-bath apartment. Each unit benefits from covered parking, and units are separately metered for gas, and electricity. The strong location, easy access to Hwy-80 on-ramp just four-blocks away, and proximity to El Cerrito Del Norte BART, should ensure steady tenant demand. A new owners should benefit from 30-year fixed rate residential financing, allowing a superior low-risk investment, with stable expenses and room for rent growth. The in-place rents are significantly below market with 15.6% rental upside upon tenant turnover.

Location

State CA

County Contra Costa

Interior

Heating Natural Gas

Cooling See Remarks

Flooring Carpet

Fireplace No

Exterior

Garage Carport

Parking Type Carport

Total Parking Spaces 4

Building

Lot Description Street Level

Sewer Public Sewer

Others

Tax ID 5091600030

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Jon Holmquist • MARCUS & MILLICHAP
Bought with Anil Babu Aryal • PCH REALTORS®

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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