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    2620 Maricopa Ave Richmond, CA 94804

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    Claim this Listing
    For Sale
    $640,000

    MULTI_FAMILY - Richmond, CA

    Property size:
    1,476 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $433/SF
    Added:
    Jan 15, 2026
    Days on Market:
    100
    Last Refresh:
    Apr 25 at 1:06 pm

    Property Features for 2620 Maricopa Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Basement
    Parking features
    Parking Lot, Open
    Window features
    Double Pane Windows
    Interior features
    Updated Kitchen, Tub w/Shower Over
    Exterior features
    Back Yard
    Fencing
    Fenced
    Appliances
    Dryer, Washer, Gas Water Heater
    Standard status
    Active
    APN
    5271500042
    Size
    1,476 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Wall Furnace

    Building Details

    Year built
    1951
    Flooring type
    Laminate, Vinyl
    Building materials
    Concrete, Stucco, Plaster

    We can help!

    Listing Contact
    Min Zhao

    Listing agent Min Zhao License #01449007

    Listing office KW Advisors East Bay 4937 Telegraph Ave. Ste.# A, Oakland, CA

    Listing date Jan 15, 2026

    MLS# 41121024 Listing URL

    Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Duplex: Investment Opportunity

    This well-located duplex in Richmond presents an excellent investment opportunity. The property features two spacious units, each with 1 bedroom, 1 bathroom, and a den suitable for a home office or guest room. Both units offer functional floor plans, abundant natural light, garage parking, and access to a large shared backyard, enhancing tenant appeal. The property is currently tenant-occupied, generating immediate income with rents at or near market rates, ensuring stable cash flow. One unit includes an efficient kitchen with upgraded cabinetry and finishes, while the other offers a practical layout with comfortable living spaces. Durable hard-surface flooring and adaptable interiors contribute to low maintenance and strong rental performance. Situated directly across from an elementary school, the location provides convenient access to public transportation, neighborhood amenities, and major commuter routes, supporting consistent rental demand. Encompassing 1476 square feet on a 0.0987-acre lot, this duplex is a solid addition to any investor portfolio, offering strong fundamentals, reliable income, and long-term hold potential. Please do not disturb occupants.
    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 Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.342563
    Latitude
    37.950404

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    FAQs

    What type of property is this?
    Duplex - Well-located duplex with immediate income and long-term rental potential.
    Where is this duplex located?
    The property is located at 2620 Maricopa Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: Prime Richmond location across from an elementary school with convenient access to transportation, amenities, and commuter routes.; Duplex with two spacious units, each featuring 1 bedroom, 1 bathroom, and a versatile den.; Tenant‑occupied with rents at or near market rate, providing immediate income and stable cash flow.
    (510) 698-8886
    We can help!
    Listing Contact
    Min Zhao
    Real Estate License ID: 01449007
    Learn More
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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
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