5534 Jefferson Ave, Richmond, CA 94804
-
Sold Price :
$1,101,010
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1966
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Carpet |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
5534 Jefferson Ave |
| City |
Richmond |
| State |
CA |
| Zip |
94804 |
| County |
Contra Costa |
| Listing Agent |
Jon Holmquist DRE #01257479 |
| Courtesy Of |
MARCUS & MILLICHAP |
| Close Price |
$1,101,010 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
5,000 |
| Year Built |
1966 |
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.
