5534 Jefferson Ave
Richmond, CA 94804
0.11 acres | #41069498
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.
Property Details
- Lot DescriptionStreetLevel
Measurements
- Acres0.1148
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1966
Utilities / Energy Details
- Sewer InformationPublicSewer
Community and Neighborhood Details
- CountyContra Costa
Financial Details
- Original List Price$925,000
Other
- MLS #41069498
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jon Holmquist (#BMLS-R01257479)
Listing Office: MARCUS & MILLICHAP (#BMLS-OBOMM)
Listing Courtesy (Buyer)
Buyer's Agent: Anil Babu Aryal (#BMLS-206536971)
