12477 San Pablo Ave Richmond, CA 94805
Well-maintained four-unit building with remodeled 1-bedroom layouts, offering a turnkey option for income-focused buyers.
- Added:
- Mar 23, 2026
- Days on Market:
- 112
- Last Refresh:
- Jul 6 at 2:50 am
Property Features for 12477 San Pablo Ave
General Information
- Standard status
- Active
- Size
- 3,034 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1944
Listing office Flat Rate Realty (408) 627-0030
Listing date Mar 23, 2026
Source Exitrealty
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Investment Insights
Based on property information with market context.
The property is situated on a high-traffic corridor with access to highways, transit, and nearby amenities. The surrounding Richmond area context is described as a resilient Bay Area market, supporting ongoing rental demand according to the marketing remarks.
For investors, the unit mix can appeal to buyers seeking straightforward residential income through four distinct leases rather than a single tenancy. The listing also notes reported gross and net cap rates of 7.44% and 4.82%, respectively, and positions the sale as suitable for cash-flow investors or 1031 exchanges. The nearby lot and adjacent four-plex at 12479 San Pablo Ave is also indicated as available for purchase, which may provide flexibility for investors looking to consolidate holdings.
Key Highlights
- Well‑maintained 4‑plex built in 1944 with four 1‑bed/1‑bath units
- Each unit is about 750 sq ft (total about 3,000 sq ft)
- Most units have been remodeled for improved desirability and low‑maintenance tenancy
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 | $76.5k | $25.20 |
| − Vacancy | −$4.0k | −$1.31 |
| EGI | $72.5k | $23.89 |
| − OpEx | −$21.7k | −$7.17 |
| NOI | $50.7k | $16.72 |
