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$1,200,000
Est. payment /mo
3,594 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,594 sqft
Price per Sqft $333
MLS Listing ID ML82055842
HOA Y/N No
Year Built 1950
Annual Tax Amount $21,923
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one- bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area. The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income- producing multifamily asset.
Location
State CA
County Contra Costa
Area 699 - Not Defined
Zoning Multifamily
Interior
Heating Floor Furnace, Wall Furnace
Fireplace No
Exterior
Garage Spaces 3.0
Garage Description 3.0
View Y/N No
Roof Type Flat
Accessibility Other
Total Parking Spaces 3
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 5192100138
Special Listing Condition Standard
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Listed by Gabriel Manzanares Compass #02051583
Nearby Locations
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