Richmond Duplex: Investment and
1003-1011 Lassen St Richmond, CA 94805
1003-1011 Lassen St, Richmond, CA, 94805
$750,000
For Sale
$750,000
MULTI_FAMILY - Richmond, CA
Property Size1,332 SF
Lot Size0.11 Acres
Price / SF$563.06
Days on Market54
Property Features for 1003-1011 Lassen St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4
- Window features
- Screens, Double Pane Windows
- Interior features
- Tub w/Shower Over
- Exterior features
- Garden
- Fencing
- Fenced
- Appliances
- Gas Water Heater
- Standard status
- Active
- APN
- 5230120122
- Size
- 1,332 SF
- Lot size
- 0.11 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1952
- Flooring type
- Vinyl, Tile
- Building materials
- Stucco
Listing Agency
KW Advisors East Bay
(510) 775-1079
4937 Telegraph Ave. Ste.# A, Oakland, CA
Listed by
Min Zhao · License #01449007
(510) 698-8886
Added: May 29 Updated: Jul 12 at 5:32 am Checked: Jul 21 at 3:06 am
MLS# 41136559
Listing URL
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Investment Insights
Based on property information with market context.
This duplex in Richmond presents an opportunity for investment or owner-occupancy. The property features two separate 2-bedroom, 1-bathroom units, each with a private entrance, garage, laundry area, and spacious backyard. One unit is currently tenant-occupied, providing immediate rental income. The vacant unit has been updated and is move-in ready. Recent improvements include luxury vinyl plank flooring throughout most of the home, tile flooring in the bathroom, and an upgraded kitchen featuring solid-surface countertops, a gas cooktop, range hood, and refrigerator. Each garage is equipped with a 220V outlet. The layout offers separation between units, enhancing privacy. Large private backyards provide outdoor space. The property is located with access to I-80, Richmond Parkway, BART, ferry service, shopping centers, restaurants, parks, schools, and major commuter routes, offering convenient access to Berkeley, Oakland, San Francisco, and Marin County. The property is situated on a lot of approximately 0.1102 acres, with a property size of 1332 square feet.
Key Highlights
- Duplex with two separate 2‑bedroom, 1‑bath units, each with a private entrance
- One unit is tenant‑occupied for immediate rental income; the other unit is vacant and move‑in ready
- Updated kitchen includes solid‑surface countertops, gas cooktop, range hood, and refrigerator
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $25.20 |
| − Vacancy | −$1.7k | −$1.31 |
| EGI | $31.8k | $23.89 |
| − OpEx | −$9.5k | −$7.17 |
| NOI | $22.3k | $16.72 |
1,332 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.3K
NOI $22,275 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$275.6K
$241.2K – $321.6K
NOI $19,295 @ 7.0% cap · market cap 2.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained Richmond duplex with income potential and updated features.
Where is this duplex located?
The property is located at 1003-1011 Lassen St Richmond, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex with two separate 2‑bedroom, 1‑bath units, each with a private entrance; One unit is tenant‑occupied for immediate rental income; the other unit is vacant and move‑in ready; Updated kitchen includes solid‑surface countertops, gas cooktop, range hood, and refrigerator
