5534 Jefferson Ave

Richmond, CA 94804

$1,101,010

Sold Price
N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1966

calendar_month Built

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.

Listing Information

Close Price $1,101,010
Close Date Tuesday, September 10th, 2024
Status Closed
MLS 41069498
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1966
Lot Size 5,000
Structure Size N/A
DOM 9
Courtesy Of MARCUS & MILLICHAP
Listing Agent Jon Holmquist DRE#01257479

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Carpet
Cooling Type
Cooling Type See Remarks

Exterior Information

Maps

Listing information courtesy of: Jon Holmquist, MARCUS & MILLICHAP . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 15th, 2024 at 7:32 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.