12477 San Pablo Ave, Richmond, California 94805, Richmond, 94805 - 0 bed, 0 bath
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Richmond, California 94805
This high-performing quadruplex represents a Prime Investment Opportunity with a List Price of $998,000—positioned well below the $1,047,161 Fair Market Value by 4%. This strategic pricing offers $49,161 in Instant Equity. The property maintains a Turnkey Condition Rating with remodeled units featuring stone countertops and laminate flooring, supporting a robust 7.44% Gross Cap Rate. Located on a high-visibility transit corridor near comparable multi-family assets, this is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12477 San Pablo Ave Subject | $948,000* List Price | 0 | 0 | 3,034 | $329 | - |
A 850 35th St Sold | $910,000 | 0 | 0 | 2,304 | $395 | 0.5 mi |
B 5238 Clinton Ave Sold | $830,000 | 0 | 0 | 0 | 0.2 mi | |
C 12479 San Pablo Ave Active | $948,000 List Price | 0 | 0 | 3,034 | $312 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1944, the property is in move-in ready condition with significant interior updates. The units feature modern laminate flooring, fresh paint, and updated stone countertops in the kitchens. While some appliances are older white models and the exterior shows typical age, the overall maintenance and recent interior refreshments make it a turnkey investment.
The property boasts a high Gross Cap Rate of 7.44%, offering robust cash flow and attractive yields for investors in the competitive Bay Area market.
Well-maintained with most units recently remodeled, this quadruplex minimizes immediate capital expenditure and ensures reliable, low-maintenance tenancy.
Situated on a high-traffic corridor with excellent access to major highways and public transit, the property benefits from high visibility and consistent rental demand.
Built in 1944, the property may require more frequent long-term maintenance of aging infrastructure and systems compared to modern builds.
The exclusive 1-bed/1-bath unit configuration limits the tenant pool to individuals or couples, lacking the demographic diversity of multi-bedroom units.
Investment Opportunity: Well-Maintained 4-Plex at 12477 San Pablo Ave, Richmond, CA 94805. This solid quadruplex features four 1-bed/1-bath units, each ~750 sq ft (total ~3,000 sq ft), built in 1944 and consistently well-maintained and upgraded. Most units have been remodeled to improve desirability and to ensure reliable, low-maintenance tenancy. Priced at $995,000, it offers strong returns: Gross Cap Rate: 7.44%, and Net Cap Rate: 4.82%. Located on a high-traffic corridor with excellent access to highways, transit, and amenities in a resilient Bay Area market. Ideal for cash-flow investors or 1031 exchanges. Turnkey and ready to perform. (Please note that neighboring lot and 4-Plex at 12479 is also available for sale).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,034 | 1,152 | 75% |
| Lot Size | 5,000 | 5,000 | 50% |
| Price | $948.0K | $870.0K | 75% |
| Price per sq ft | $312 | $156 | 50% |
| Built year | 1944 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 111 | 50% |
Apr 15, 2026
$948,000
$998,000
-5% Price Drop
Initial Listing
Mar 21, 2026
$998,000
Initial Listing
Feb 15, 2012
$285,000
Public Record
Dec 16, 2005
$650,000
Public Record