Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5801 Madison Ave Richmond, CA 94804

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,950

    Four one-bed, one-bath units near shops, restaurants, and transportation.

    Lot size:
    0.13 Acres

    Property Features for 5801 Madison Ave

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1944

    We can help!

    Listing Contact
    Alana Lam
    Alana Lam
    Source: Elliman

    Listing Agent: Alana Lam

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

    Learn more

    Overview

    Four-Plex Near El Cerrito City Hall

    This four-plex property features four one-bed, one-bath units, each equipped with individual gas and electric meters. The property is located near El Cerrito City Hall, offering convenient access to shops, restaurants, freeways, and public transportation. This location is intended to attract tenants. This property is positioned as an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.3145739
    Latitude
    37.9181544

    Nearby Similar for Sale

    • $1,300,000
      7,425 SF

      Richmond Commercial Warehouse For Sale

      Versatile industrial property in Richmond's Green Zone, ideal for operators.
      10301034 Ohio Ave, Richmond, CA 94804
      View Details
    • New
      $995,000
      4,488 SF

      Richmond Multifamily Investment Opportunity

      Stabilized four-unit property in Richmond's Civic Center.
      1401 Bissell Ave, Richmond, CA 94801
      View Details
    • New
      $799,000
      Pending

      Richmond Multifamily Income Property

      Income-producing duplex in desirable Richmond Annex neighborhood.
      6130 Van Fleet Ave, Richmond, CA 94804
      View Details
    • New
      $850,000
      3,462 SF

      Richmond Fourplex with Renovation Potential

      Spacious Richmond fourplex with renovation potential on a 5,000 sq.ft. lot.
      1225 Fred Jackson Way, Richmond, CA 94801
      View Details
    • $599,000
      Pending

      Richmond Multifamily Property For Sale

      Multifamily property in Richmond, CA, with recent roof and parking.
      1317 Chanslor Ave, Richmond, CA 94801
      View Details
    • $699,000
      1,332 SF

      Richmond Duplex: Income and Convenience

      Centrally located Richmond duplex with income potential and easy commute.
      1003-1011 Lassen St, Richmond, CA 94805
      View Details
    • $995,000

      Richmond Warehouse with Office Space

      Warehouse with office space, roll-up doors, and secure yard.
      1515 Ohio Ave, Richmond, CA 94804
      View Details
    • $975,000
      4,535 SF

      Point Richmond Office Investment Opportunity

      Well-maintained office property in Point Richmond with income potential.
      116 Washington Ave, Richmond, CA 94801
      View Details
    • $799,000
      Pending

      Spacious Flex Space with Roll-Up Doors

      Versatile 5000+ sqft flex space with multiple potential uses.
      26 8Th St, Richmond, CA 94801
      View Details
    • $1,350,000

      Light-Filled Office Building For Sale

      Charming office building with natural light and convenient location.
      54 Railroad Ave, Richmond, CA 94801
      View Details
    • $1,600,000

      Owner Occupied Office Building

      Remodeled office building, furnished, move-in ready with full kitchen.
      418 Wilson Ave, Richmond, CA 94805
      View Details
    • $19,888,000

      Richmond City Center For Sale

      Shopping center with seven buildings on Macdonald Avenue, Richmond.
      1100 Macdonald Ave, Richmond, CA 94801
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four one-bed, one-bath units near shops, restaurants, and transportation.
    Where is this quadplex located?
    The property is located at 5801 Madison Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $999,950.
    What are key features of this property?
    This property features: - Four one-bed, one-bath units offer immediate rental income potential; - Each unit has separate gas and electric meters, simplifying utility management and tenant billing; - Prime location near El Cerrito City Hall provides convenient access to amenities
    (408) 981-6012
    Request Owner's contact information
    5801 Madison Ave Richmond, CA 94804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5801 Madison Ave
    Richmond, CA 94804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5801 Madison Ave Richmond, CA 94804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alana Lam
    Alana Lam
    Real Estate License ID: 01049403
    (408) 981-6012 (408) 342-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!