Richmond Quadplex Investment
12477 San Pablo Ave, Richmond, CA 94805
Well-maintained four-unit property in Richmond, CA, with strong returns.
Type:Investment
Property size:
3,000 SFLot size:
0.11 AcresPrice / SF:
$332/SF- Added:
- Mar 25, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 23 at 12:22 pm
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
Listing agent John Kirkish
Listing office (510) 890-8028
Listing date Mar 25, 2026
Source Elliman
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 John Kirkish
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)
- Located on a high‑traffic corridor with excellent access to highways, transit, and amenities
- Ideal for cash‑flow investors or 1031 exchanges
- Turnkey and ready to perform
Overview
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.
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 | $75.6k | $25.20 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $71.7k | $23.89 |
| − OpEx | −$21.5k | −$7.17 |
| NOI | $50.2k | $16.72 |
3,000 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 4.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.3274801
- Latitude
- 37.9396976
Nearby Similar for Sale
FAQs
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 $998,000.
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)
