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Listed by Jatin Mehta • Kite Hill Real Estate
$ 998,000
Est. payment /mo
New
701 Alamo Ave Richmond, CA 94801
10 Beds
4 Baths
2,928 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,928 sqft
Price per Sqft $340
MLS Listing ID EB41116669
Bedrooms 10
Year Built 1948
Lot Size 5,000 Sqft
Property Sub-Type Fourplex
Source Bridge MLS
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
Area Richmond - North & West/Parchest
Interior
Heating Gas
Cooling Other
Flooring Wood
Exterior
Exterior Feature Stucco
Parking Features Tandem Parking
Garage Spaces 4.0
Roof Type Other
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 561-252-016-2
Special Listing Condition New, Not Applicable
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