AMAZING OPPORTUNITY! Well located, fully leased 4-Plex in lower East Richmond Heights across from Tiller Park. Lovely neighborhood adjacent to Richmond North and East with great amenities. Shared CoinOp laundry in building, secured garage parking (1 per unit), cute, well maintained courtyard and bonus storage space for each unit. Easy freeway access, close to Bart and bus lines. Near Grocery Outlet, Safeway, Williams Natural Foods, Target, Catahoula Coffee (a neighborhood gem). Kitchens have updated quartz and laminate countertops. Updated cabinetry in most units. Brand new electrical service and sub-panels in each unit. Water heaters have all been recently replaced (2016 &2020),New roof in 2016(resealed in 2024), fresh exterior paint in 2020. Units are separately metered. Ideal for investor who wants a high quality, practically turnkey building.

BAY AREA PROPERTIES

** Price Reduction & owner allowing sellers financing** Very will maintained 4 unit complex with huge upside potential. All 4 rents are below market and 3 of the 4 are extremely lower than going average rate for the area, large upside potential. Unit sizes are larger than other similar structures in the area. Also each unit comes with a designated detached covered parking garage which with a NEW STATE OVERLAY could be made into 4 ADU units and a large open backyard that could also fit an ADU. The building is fully occupied at the moment and is always easy to rent. New roof on property and garage just recently installed. Proforma Cap Rate in disclosure packet. Owner also has laundry hookups which can be made into coin/card op shared laundry onsite. Reach out to listing agent for more info.

Conner Applegate, Broker

Professionally managed and fully occupied, this Bay Area investment provides immediate stability and robust cash flow. Verified 2024 financials show an annual rental income of $88,927 plus $809 in parking revenue, totaling $89,736 in gross income, and a $54,360 NOI. Transparent expenses include $14,448 in taxes and $4,117 in insurance, minimizing volatility.  Projected 2025 gross scheduled income is $98,640, with a 5.87% cap rate at current performance and up to 9.06% at Fair Market Rent (FMR). The 2025 cap rate, new property tax at reassessment, and FMR are accounted for at the current list price. Located in a high-demand area known for low vacancy,—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.

Security Pacific Real Estate

**Prime Investment Opportunity – 4-Unit Multifamily Property in Richmond! ** Discover an incredible investment opportunity at 2525 Maricopa Ave, Richmond, CA 94804 - a well-maintained fourplex offering incredible income potential in a high-demand rental market! Whether you're an investor seeking strong cash flow or a homeowner looking to live in one unit while renting out the others, this property is a rare find.  Each unit features a spacious layout, natural light, and updated kitchens and baths. The three 2-bed units sit upstairs, while the 3-bed unit on the ground floor enjoys a private backyard. The property also offers gated parking, low-maintenance exteriors, and a secure, welcoming feel.  * Prime Location:* Situated in a thriving Richmond neighborhood, this property provides easy access to shopping, dining, parks, schools, and major freeways, making commuting a breeze for tenants.  * Excellent Income Potential:* With consistent rental demand, this fourplex presents a strong return on investment, boasting a 7% cap rate and opportunities for rent growth.  * Endless Possibilities:*Live in one unit and rent the others, or simply enjoy a steady passive income stream from all four units.  Don’t miss this rare opportunity—schedule your private showing today!

Formality Real Estate

Turnkey low maintenance rental in central location close to freeway and Marina Bay.  4 units, well maintained, with upside potential in rents.  1 upgraded unit available for owner occupant if so desired.

2300 Foothill Ave, Richmond CA 94804

2300 Foothill Ave, Richmond CA 94804

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