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    1532 Mariposa St Richmond, CA 94804

    View on Map
    Sponsored
    For Sale
    $659,000

    MULTI_FAMILY - Richmond, CA

    Property size:
    1,630 SF
    Lot size:
    0.11 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 4:06 am

    Property Features for 1532 Mariposa St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 4, Bathroom 1
    Bedrooms
    3
    Bathrooms
    4
    APN
    5082310235
    Parking features
    Garage, Off Street, Open
    Exterior features
    Back Yard, Front Yard, Garden/Play, Side Yard, Low Maintenance, Garden
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer, Washer
    Size
    1,630 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1925
    Number of units
    2
    Flooring type
    Laminate, Carpet, Hardwood, Tile
    Building materials
    Stucco, Plaster
    Roof type
    Tile

    We can help!

    Listing Contact
    Emanuel Sakkis

    Dudum Real Estate Group

    Listing agent Emanuel Sakkis

    Listing date Mar 26, 2026

    MLS# 41126756

    Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Richmond Spanish Style Duplex

    This is a classic Spanish-style duplex located in the desirable Richmond Annex neighborhood, near the El Cerrito border. Constructed in the 1920s, this well-maintained property features old-world quality construction. The duplex has been freshly painted inside and out and is move-in ready, delivered vacant. The end-to-end units each have their own entries and garages, situated on opposite sides of the property. Unit 1532 faces north, while unit 1534 faces south, with a large concrete patio and private fenced backyard. The property benefits from an abundance of natural light. Unit 1534 is the larger of the two, featuring two bedrooms, a large living room with a gas fireplace, a bonus room with full-size laundry, a kitchen with stainless steel appliances, hardwood floors, updated dual-pane windows, and recessed lighting. Unit 1532 is a one-bedroom, one-bath unit with a private entry set back from the street. It includes a large private garage with a full-size washer and dryer, modern barn doors, dual-pane windows, a large updated eat-in kitchen, a cozy bedroom with classic original built-ins and a walk-in closet, and a spacious living room, as well as its own side yard. The property is situated in a great neighborhood, close to Hwy 80 and 580 for easy commuting. The property size is 1,630 square feet and the lot size is 0.1102 acres. This presents an incredible investment opportunity to rent both units or live in one and rent out the other.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.316663
    Latitude
    37.911765

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    FAQs

    What type of property is this?
    Duplex - Classic Spanish-style duplex in Richmond Annex, near El Cerrito border.
    Where is this duplex located?
    The property is located at 1532 Mariposa St Richmond, CA.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: - Rare 1920s Spanish style duplex in the desirable Richmond Annex, near El Cerrito border.; - Delivered vacant and move-in ready after being freshly painted inside and out.; - Excellent investment opportunity: rent both units or live in one and rent the other.
    (925) 389-0835
    Request Owner's contact information
    1532 Mariposa St Richmond, CA 94804
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    Richmond, CA 94804
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1532 Mariposa St Richmond, CA 94804
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