Property Details
About this Property
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.
MLS Listing Information
MLS #
EB41069498
MLS Source
Bridge MLS
Interior Features
Appliances
Other
Flooring
Carpet - Wall to Wall
Cooling
Other
Heating
Gas
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 900 | 3 | 0/0 | $2,575 |
| 2 | 756 | 2 | 0/0 | $1,274 |
| 3 | 756 | 2 | 0/0 | $1,674 |
| 4 | 756 | 2 | 0/0 | $2,055 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
5534 Jefferson Ave is a Residential Income in Richmond, CA 94804. This 3,168 square foot property sits on a 5,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,101,010 and was built in 1966. This address can also be written as 5534 Jefferson Ave, Richmond, CA 94804.
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This listing information is up-to-date as of September 15, 2024. For the most current information, please contact Jon Holmquist, (415) 625-2117
