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    305 Ripley Ave Richmond, CA 94801

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    For Sale
    $725,000

    Updated multifamily property in Richmond with rental upside potential.

    Property size:
    2,102 SF

    Property Features for 305 Ripley Ave

    General Information

    Size
    2,102 SF

    Building Details

    Year built
    1927

    Source: Ethan Berger Agent Ethan Berger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Multifamily Building with Updates

    This multifamily property features updated units with new kitchens and bathroom cabinetry and fixtures. A new roof was installed in 2023, and all electrical sub-panels have been modernized. The sewer lateral was replaced in 2020. The property offers potential for additional income through two on-site storage spaces, which have historically leased for $75 a month each. A new owner can implement a utility billing system for new tenants to offset utility costs. There are three vacant units, presenting an opportunity for the buyer to lease them at market rate and implement a RUBS program to maximize returns immediately. The property size is 2102 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.366435
    Latitude
    37.940539

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    FAQs

    What type of property is this?
    Multifamily property - Updated multifamily property in Richmond with rental upside potential.
    Where is this multifamily property located?
    The property is located at 305 Ripley Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Rental Upside: 3 vacant units offer immediate opportunity to lease at market rate and implement a RUBS program for maximized returns.; - Updated Units: All units feature tastefully updated kitchens and bathroom cabinetry and fixtures.; - New Roof: Recently installed new roof in 2023.
    (925) 588-9740
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    305 Ripley Ave Richmond, CA 94801
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    Richmond, CA 94801
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    Realmo Value Estimation

    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.

    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.

    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
    305 Ripley Ave Richmond, CA 94801
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