CA > Richmond
Richmond, CA 94801,305 Ripley Ave
Richmond, CA 94801,305 Ripley Ave
Richmond, CA 94801,305 Ripley Ave
Richmond, CA 94801,305 Ripley Ave
Richmond, CA 94801,305 Ripley Ave
Richmond, CA 94801,305 Ripley Ave
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Louis DiGonzini

Louis DiGonzini

+1(949) 922-8420
$ 895,000
Est. payment | /mo

3,798 Sqft Lot

Save Virtual Tour
$ 895,000
Est. payment | /mo
Save Virtual Tour

3,798 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41061968

HOA Y/N No

Year Built 1927

Lot Size 3,798 Sqft

Property Description

Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate - an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.

Location

State CA

County Contra Costa

Interior

Heating Electric, Wall Furnace

Flooring Tile

Fireplace No

Exterior

Garage Assigned, On Street

Roof Type Shingle

Parking Type Assigned, On Street

Total Parking Spaces 2

Building

Lot Description Back Yard, Garden, Street Level

Sewer Public Sewer

Others

Tax ID 5342120127

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

California Regional MLS (CRMLS)
Listed by Elisabeth Watson • Abio Properties
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

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305 Ripley Ave