CA > Richmond > Richmond
Richmond, CA 94801,701 Alamo Ave
Richmond, CA 94801,701 Alamo Ave
Richmond, CA 94801,701 Alamo Ave
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$950,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Richmond

MLS Listing ID 41116669

HOA Y/N No

Year Built 1948

Property Sub-Type Quadruplex

Property Description

To access marketing package copy/paste: https://bit.ly/kitehillre. 701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $10,000 per month in rent, translating to an annual gross income of $120,000, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space — a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike.

Location

State CA

County Contra Costa

Interior

Heating Natural Gas

Cooling See Remarks

Flooring Wood

Fireplace No

Exterior

Total Parking Spaces 4

Building

Sewer Public Sewer

Others

Tax ID 5612520162

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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CRMLS – RECore
Listed by Jatin Mehta Kite Hill Real Estate
Ernie Caponera

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

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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