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    Richmond Duplex: Investment and Living

    1003-1011 Lassen St Richmond, CA 94805

    1003-1011 Lassen St, Richmond, CA, 94805
    $750,000
    For Sale
    Claim this Listing
    $750,000

    MULTI_FAMILY - Richmond, CA

    Property Size1,332 SF
    Lot Size0.11 Acres
    Price / SF$563.06
    AddedMay 29
    Days on Market47
    Last RefreshJul 14 at 7:06 pm

    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 agent Min Zhao License #01449007

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

    Listing date May 29, 2026

    MLS# 41136559 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.

    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 (±1% cap)
    NOI $22,275 @ 7.0% cap · market cap 2.97%
    Second Best
    Apartment 5plus
    $275.6K
    $241.2K – $321.6K (±1% cap)
    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

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Parking Lot & Garage Big Box & Wholesale Store Electrical Service Dental Office Home Appliance Store (Bike/Boat/Book/etc) Store Accounting Firm

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

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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
    Contact an agent
    (510) 698-8886
    We can help!
    Contact an agent
    Min Zhao
    Real Estate License ID: 01449007
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