Richmond, CA 94801,145 5th St.

$785,000

Est. payment /mo

$849,000

7.5%
Est.Price: ?

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145 5th St. Richmond, CA 94801

8 Beds

3,004 SqFt

SOLD DATE : 08/20/2024

Key Details

Sold Price $785,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,004 sqft

Price per Sqft $261

MLS Listing ID 41066523

Sold Date 08/20/24

Bedrooms 8

HOA Y/N No

Year Built 1964

Lot Size 5,639 Sqft

Acres 0.13

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 Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating Zoned

Cooling Zoned

Flooring Vinyl, Carpet

Fireplace No

Window Features Window Coverings

Appliance Gas Water Heater

Exterior

Exterior Feature Back Yard, Storage Area

Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter

Total Parking Spaces 8

Building

Lot Description Regular, Back Yard

New Construction No

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Bridge MLS
Listed by Ethan Berger • NAI Northern California
Bought with Dulce GarciaDe Sainz
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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