506 Mclaughlin Street, Richmond, California 94805, Richmond, 94805 - 0 bed, 0 bath
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506 Mclaughlin Street
Richmond, California 94805
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,594Sq Ft
5,000Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,148,818
4% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,200,000—positioned slightly above the $1,159,124 Fair Market Value. While the property reflects a Condition Rating of 3, it offers significant stability through its (4) two-bedroom units and rare (3) private garages. Ideally located near I-80 and BART, the property provides excellent commuter access to the Bay Area. This is a stable, income-producing acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a reliable multifamily asset with strong regional connectivity.
Estimated Market Value
$1,148,818
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 |
|---|---|---|---|---|---|---|
★ 506 Mclaughlin Street Subject | $1,200,000* List Price | 0 | 0 | 3,594 | $320 | - |
A 12477 San Pablo Ave Active | $869,000 List Price | 0 | 0 | 3,034 | $286 | 0.3 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 1950, the property is well-maintained with clear evidence of mid-range renovations within the last 5-15 years, including updated LVP flooring and stone countertops. The kitchen and visible systems like the water heater appear functional and move-in ready for tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Commuter Location
Ideally situated on the El Cerrito border with immediate access to I-80 and BART, providing tenants with a highly desirable and efficient commute to San Francisco, Oakland, and Berkeley.
- Rare Parking Amenities
The property features three private garages, a significant value-add and rare find for a four-unit building that enhances tenant retention and provides additional storage options.
- Strong Rental Fundamentals
Comprised of four uniform two-bedroom, one-bathroom units, the property caters to Richmond's high renter demand and offers a stable, income-producing asset for investors.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1950, the property may require more frequent maintenance or capital improvements to its core systems compared to more modern multifamily assets.
- Low School Ratings
The surrounding public schools have relatively low performance ratings, which may limit the property's appeal to families with school-aged children.
About 506 Mclaughlin Street
506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one- bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area. The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income- producing multifamily asset.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1950
- 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
Richmond Unified Schools
Riverside Elementary School
Grades K-6 • 1.2 mi
3/10
Mira Vista Elementary School
Grades K-8 • 0.7 mi
4/10
Lovonya Dejean Middle School
Grades 7-8 • 0.7 mi
1/10
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 | 3,594 | 2,333.5 |
| Lot Size | 5,000 | 5,840.4 |
| Price | $1.20M | $782.7K |
| Price per sq ft | $334 | $422 |
| Built year | 1950 | 1943 |
| HOA | $0 | $0 |
| Days on market | 42 | 75 |
Pricing History
Listed for Sale
Jul 29, 2026
$1,200,000
Initial Listing
Sold
Nov 24, 2009
$480,000
Public Record