$785,000
$849,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
145 5th St. Richmond, CA 94801
8 Beds
4 Baths
3,004 SqFt
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,004 sqft
Price per Sqft $261
MLS Listing ID EB41066523
Sold Date 08/20/24
Bedrooms 8
Originating Board Bridge MLS
Year Built 1964
Lot Size 5,639 Sqft
Property Description
145 5th St. in Richmond, CA consists of four large 2-bed, 1-bath units, each with an individual garage, driveway parking, and spacious backyard. The units are individually metered for PG&E and feature Vinyl & Carpet Floors, Dual Pane Windows, and Zoned Central Air Cooling, Forced Air Heating. This property offers high day-1 cash flow and a high Market Cash-on-Cash Return at 8.98%. It resides in a prime Bay Area location, with Richmond being a highly sought after city to live in boasting a total population of 114,300. The ever increasing desire for people to live here consistently drives up rent prices, making this a perfect long or short term hold opportunity for investors. 145 5th St. is uniquely nestled between major points of interest such as the Richmond Ferry Terminal, Kennedy High School, Multiple BART Stations, Costco, Point Isabel, Safeway, Target, and other major retailers and local restaurants.
Location
State CA
County Contra Costa
Area Other Area
Interior
Heating Heating - 2+ Zones
Cooling Multi-Zone
Flooring Vinyl, Carpet - Wall to Wall
Exterior
Exterior Feature Stucco, Wood Frame
Parking Features Attached Garage, Spaces per Unit - >1
Garage Spaces 4.0
Roof Type Rolled Composition
Building
Lot Description Regular
Sewer Sewer - Public
Water Public, Heater - Gas
Others
Special Listing Condition Not Applicable
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Bought with Dulce Garcia De Sainz • Corcoran Icon Properties