5307 Columbia Ave, Richmond, California 94804, Richmond, 94804 - 0 bed, 0 bath
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Richmond, California 94804
This 5307 Columbia Avenue quadruplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,050,000, which is positioned slightly above the $1,040,719 Fair Market Value. Featuring a Condition Rating of 3, this RM-1 Zoned asset offers a stable unit mix, including a rare three-bedroom unit, and modern amenities like in-unit laundry and private patios. With individual utility metering, the property ensures efficient management and strong rental appeal. This is a strategic acquisition for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking long-term cash flow.
Property is move-in ready.
Although built in 1954, the property is described as well-maintained with updated cabinetry and countertops. The inclusion of individual metering for utilities and the clean exterior suggests significant system updates and maintenance within the 5-15 year renovation window, making it move-in ready.
The property features a versatile unit mix including a rare three-bedroom, two-bath unit and highly desirable in-unit laundry for every tenant, maximizing rental appeal and occupancy stability.
Individual metering for water, gas, and electricity significantly reduces owner operating expenses and simplifies management by shifting utility costs directly to the tenants.
With updated cabinetry, countertops, and private patios, the units offer a modern aesthetic that allows for immediate market-rate positioning with minimal initial capital expenditure.
Built in 1954, the property may require higher long-term maintenance reserves for aging structural systems, such as original plumbing or electrical components, despite cosmetic updates.
As a multi-unit property in Richmond, it is subject to local rent control and just-cause eviction ordinances, which can limit an investor's ability to quickly adjust rents to market levels.
Introducing 5307 Columbia Avenue, an exceptional four-unit investment opportunity in Richmond, California. Built in 1954, this well-maintained 3,336-square-foot multifamily property offers a desirable unit mix consisting of two one-bedroom, one-bath units, one two-bedroom, one-bath unit, and one spacious three-bedroom, two-bath unit. Designed with both tenant comfort and investor efficiency in mind, each unit features its own washer and dryer, updated cabinetry and countertops, and a private patio. The property also offers on-site parking, mature landscaping, and individual metering for water, gas, and electricity, helping to reduce operating expenses and simplify utility management. Zoned RM-1, this property presents an outstanding opportunity for investors seeking stable cash flow with long-term upside potential. Its attractive unit mix, well-maintained condition, and convenient Richmond location make it a strong addition to any multifamily portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,336 | 2,872 |
| Lot Size | 6,900 | 5,450 |
| Price | $1.05M | $812.9K |
| Price per sq ft | $315 | $379 |
| Built year | 1954 | 1936 |
| HOA | $0 | $0 |
| Days on market | 3 | 72 |
Jul 20, 2026
$1,050,000
Initial Listing