1324 Gaynor AVE, Richmond, CA 94801
1324 Gaynor AVE, Richmond, CA 94801
1324 Gaynor AVE, Richmond, CA 94801
1324 Gaynor AVE, Richmond, CA 94801
1324 Gaynor AVE, Richmond, CA 94801
1324 Gaynor AVE, Richmond, CA 94801
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Michael Green

Michael Green

+1(209) 635-2455
Listed by Julien Goavec Clearpoint Brokerage Corporation
$ 1,050,000
Est. payment | /mo

6 Beds

4 Baths

1,553 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

6 Beds

4 Baths

1,553 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,553 sqft

Price per Sqft $676

MLS Listing ID 426147156

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1960

Lot Size 4,000 Sqft

Acres 0.0918

Property Sub-Type Quadruplex

New Construction Yes

Property Description

This property is priced to SELL. Located at 1324 Gaynor Ave in Richmond, this multifamily property presents a compelling investment opportunity with a list price of $1,050,000, translating to roughly $210,000 per unit and $263 per square foot. Constructed in 1960, the property consists of 4 units + 1 Non conforming unit on a spacious 0.26-acre lot, totaling 4,000 square feet of building area. The asset features a diverse unit mix consisting of (1) 2 bedroom/1-bathroom, (2) 1 bedroom/1-bathroom, (1) Studio Unit, and (1) Studio Unit non conforming. The building is complemented by 2 garage parking spaces + 2 additional driveway parking spots that provide ample and convenient access for residents. From a financial perspective, the property offers a current cap rate of 7.57% and a GRM of 9.1, with a current occupancy rate of 100%. Current scheduled rents total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework. Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg

Location

State CA

County Contra Costa

Area Richmond-North & Wes

Interior

Heating Central

Cooling None

Flooring Carpet, Vinyl, Wood

Fireplace No

Laundry Coin Operated, Common Area

Exterior

Garage Spaces 2.0

Total Parking Spaces 4

Building

Lot Description Private

Water Separate Meter

Level or Stories Two

New Construction Yes

Others

Tax ID 5291300043

San Francisco MLS - SFAR

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1324 Gaynor AVE

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