For more information regarding the value of a property, please contact us for a free consultation.
5534 Jefferson Ave Richmond, CA 94804
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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
Read Less
Bought with Anil Babu Aryal • PCH REALTORS®