Richmond Quadplex Investment
For Sale
$829,000
12477 San Pablo Ave, Richmond, CA 94805
Well-maintained four-unit property in Richmond, CA, with strong returns.
Property Size3,000 SF
Lot Size0.11 Acres
Price / SF$276.33
Days on Market204
Property Features for 12477 San Pablo Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.11 Acres
Property subtype
Investment
Building Details
Year Built
1944
Units
4
Listing Agency:
Flat Rate Realty
Listed By:
John Kirkish · License #02070987
(510) 890-8028
Source:
Elliman
Added: Mar 25
Changed: Oct 9
Last Checked: Oct 12 at 9:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flat Rate Realty
Investment Insights
Based on property information with market context.
This quadruplex, located at 12477 San Pablo Ave, Richmond, CA 94805, presents an investment opportunity. Constructed in 1944, the property features four units, each with one bedroom and one bathroom. Each unit is approximately 750 square feet, totaling approximately 3,000 square feet. The property has been consistently well-maintained and upgraded, with most units remodeled to improve desirability and ensure reliable, low-maintenance tenancy. The property is located on a high-traffic corridor with excellent access to highways, transit, and amenities in a resilient Bay Area market. The Gross Cap Rate is 7.44%, and the Net Cap Rate is 4.82%. This turnkey property is ready to perform and is ideal for cash-flow investors or 1031 exchanges. Please note that the neighboring lot and 4-Plex at 12479 is also available for sale.
Key Highlights
- Strong returns: Gross Cap Rate 7.44%, Net Cap Rate 4.82%
- Well‑maintained and upgraded units, ensuring reliable, low‑maintenance tenancy
- Four 1‑bed/1‑bath units, each ~750 sq ft (total ~3,000 sq ft)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,168
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,360
$1.0M
Cap Rate 7%
$716,686
$716.7K
Cap Rate 9%
$557,422
$557.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$75.6K $25.20/SF
− Vacancy
−$3.9K −$1.31/SF
EGI
$71.7K $23.89/SF
− OpEx
−$21.5K −$7.17/SF
NOI
$50.2K $16.72/SF
Area
Richmond, CA
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,360
Cap Rate 7%
$716,686
Cap Rate 9%
$557,422
Alternative Uses
Best Use
Multifamily LT 5
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 5.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 94805, CA
14,958
Population
6,076
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
7,873
Density / Sq Mi
$114,191
Median Household Income
$57,133
Median Earnings
$2,272
Median Rent
$738,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property in Richmond, CA, with strong returns.
Where is this quadplex located?
The property is located at 12477 San Pablo Ave Richmond, CA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Strong returns: Gross Cap Rate 7.44%, Net Cap Rate 4.82%; Well‑maintained and upgraded units, ensuring reliable, low‑maintenance tenancy; Four 1‑bed/1‑bath units, each ~750 sq ft (total ~3,000 sq ft)
