701 40th St, Richmond, California 94805, Richmond, 94805 - 0 bed, 0 bath
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Richmond, California 94805
This fully occupied 4-plex presents a Prime Investment Opportunity, listed at $999,995—positioned well below the $1,027,971 Fair Market Value by 2%. This valuation gap offers $27,976 in Instant Equity. With a Condition Rating of 3, the property features a new roof, windows, and exterior paint, ensuring stable cash flow for Buy-and-Hold Investors. While school ratings are low, the commuter-centric location near BART and I-80 makes this a reliable, low-maintenance asset for income-focused investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 40th St Subject | $999,995* List Price | 0 | 0 | 2,430 | $423 | - |
A 850 35th St Sold | $910,000 | 0 | 0 | 2,304 | $395 | 0.3 mi |
B 12477 San Pablo Ave Active | $898,000 List Price | 0 | 0 | 3,034 | $296 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1948 but significantly updated with a new roof, new windows, and new exterior paint. The interior features updated kitchens and the property is described as well-maintained and fully functional, making it move-in ready for tenants.
The property features a new roof, new exterior paint, and new windows, significantly reducing immediate maintenance requirements and capital expenditure for the new owner.
Being fully occupied by reliable tenants with a strong payment history, this 4-plex offers immediate and stable rental income from day one of ownership.
Its proximity to Interstate 80 and BART makes it highly attractive to commuters, ensuring consistently high rental demand and low vacancy rates.
The assigned middle and high schools have very low ratings (1 and 2 respectively), which may deter some long-term tenants and impact future resale value.
With a total of 2,430 square feet across four units, the average living space per unit is relatively small, which could limit the rental ceiling compared to larger 1-bedroom alternatives.
Exceptional Multifamily Investment Opportunity – Fully Occupied 4-Plex Near I-80 & BART Discover a rare opportunity to own a fully occupied fourplex in a highly desirable commuter-friendly location with strong rental demand and excellent long-term investment potential. New roof, new exterior paint and new windows. This income-producing multifamily property features four spacious 1-bedroom, 1-bathroom units, making it an ideal addition to any real estate investment portfolio. Conveniently located near Interstate 80, BART, public transportation, schools, shopping centers, restaurants, and downtown amenities, this property attracts quality tenants seeking convenience, accessibility, and comfortable living. Each unit offers functional layouts with updated kitchens, refrigerators, laundry hookups, and ample living space designed for everyday comfort. Tenants also enjoy the convenience of private garage parking plus additional onsite parking, a highly sought-after feature that increases rental appeal and tenant retention. The property has been well maintained, and all units are currently occupied by reliable tenants with a strong history of on-time rent payments, providing immediate and stable cash flow for investors from day one.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 1.2 mi
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 | 2,430 | 2,367 | 50% |
| Lot Size | 5,000 | 5,125 | 50% |
| Price | $1000.0K | $955.0K | 50% |
| Price per sq ft | $412 | $403 | 50% |
| Built year | 1948 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 53 | 50% |
May 18, 2026
$999,995
Initial Listing
Dec 10, 2021
$965,000
Public Record