12479 San Pablo Ave, Richmond, California 94805, Richmond, 94805 - 0 bed, 0 bath
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12479 San Pablo Ave
Richmond, California 94805
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,034Sq Ft
5,000Lot Size
Property Price
LIST PRICE$829,000
EST. MARKET VALUE
$829,000
SUMMARY
This Quadruplex Residential Income Asset presents a High-Potential Investment Opportunity, listed at a List Price of $829,000, which aligns with the $829,000 Fair Market Value. Featuring a Condition Rating of 3, this turnkey property offers a 9% Gross Cap Rate and 6.4% Net Cap Rate, ensuring immediate cash flow. With recent interior remodels and a strategic location on a high-traffic corridor, it minimizes capital expenditure. This is a stable, performance-ready acquisition ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking reliable Bay Area returns.
Estimated Market Value
$829,000
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12479 San Pablo Ave Subject 0 bd · 0 ba · 3,034 sqft · $273 | $829,000* List Price | 0 | 0 | 3,034 | $273 | - |
A 12477 San Pablo Ave Active 0 bd · 0 ba · 3,034 sqft · $273 · 0.0 mi | $829,000 List Price | 0 | 0 | 3,034 | $273 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1944, the property has been consistently maintained and remodeled. Interior images show modern laminate flooring, updated vinyl windows, and fresh paint, suggesting renovations within the 5-15 year range. The turnkey status and exterior condition indicate it is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Returns
The property offers an impressive 9% Gross Cap Rate and 6.4% Net Cap Rate, providing high cash-flow potential that is rare for the Bay Area residential income market.
- Turnkey Condition
Consistently well-maintained with most units recently remodeled, this quadruplex minimizes immediate capital expenditure and appeals to high-quality, low-maintenance tenants.
- Strategic Transit Location
Situated on a high-traffic corridor with excellent access to highways and public transit, the property ensures long-term demand and high visibility for consistent occupancy.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 175 days on market and four significant price reductions from the original $995,000 list price, the property has faced challenges in securing a buyer at previous valuation levels.
- Vintage Infrastructure
Built in 1944, the property may possess aging underlying systems common to mid-century buildings, which could necessitate higher long-term maintenance reserves despite recent cosmetic upgrades.
About 12479 San Pablo Ave
ONE OF TWO WELL-MAINTAINED 4-PLEXES at 12479 and 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 to Sell, it offers strong returns: GROSS CAP RATE: 9%, and NET CAP RATE: 6.4%!!! HIGH-DEMAND AREA -- 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. (Adjoining Lot and 4-Plex at 12477 is also available for sale).
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1944
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,034 | 2,524.75 |
| Lot Size | 5,000 | 5,600.222 |
| Price | $829.0K | $854.3K |
| Price per sq ft | $273 | $399 |
| Built year | 1944 | 1947 |
| HOA | $0 | $0 |
| Days on market | 215 | 66 |
Pricing History
Listed for Sale
Sep 11, 2026
$829,000
$869,000
-5% Price Drop
Initial Listing
Price Change
Aug 23, 2026
$869,000
$898,000
-3% Price Drop
Initial Listing
Price Change
Apr 29, 2026
$898,000
$948,000
-5% Price Drop
Initial Listing
Price Change
Apr 15, 2026
$948,000
$995,000
-5% Price Drop
Initial Listing
Price Change
Mar 23, 2026
$995,000
Initial Listing
Sold
Sep 17, 2012
$270,500
Public Record
Sold
Dec 13, 2005
$635,000
Public Record