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In-PersonVirtual Tour
$ 998,000
Est. payment | /mo
5,000 Sqft Lot
$ 998,000
Est. payment | /mo
5,000 Sqft Lot
Open House
Wed Nov 12, 3:00pm - 4:00pm
Sat Nov 15, 1:00pm - 3:00pm
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Richmond
MLS Listing ID 41116669
HOA Y/N No
Year Built 1948
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
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
Interior
Heating Natural Gas
Cooling See Remarks
Flooring Wood
Fireplace No
Exterior
Total Parking Spaces 4
Building
Sewer Public Sewer
Others
Tax ID 5612520162
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Jatin Mehta Kite Hill Real Estate