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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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)