Richmond Quadplex Investment
For Sale
$829,000
12479 San Pablo Ave, Richmond, CA 94805
Well-maintained four-unit property in Richmond, CA with strong returns.
Property Size3,034 SF
Price / SF$273.24
Days on Market204
Property Features for 12479 San Pablo Ave
General Information
Standard status
Active
Size
3,034 SF
Property subtype
Multi Family
Building Details
Year Built
1944
Listing Agency:
Flat Rate Realty
(408) 627-0030
Listed By:
John Kirkish · License #02070987
(510) 890-8028
Source:
Exitrealty
Added: Mar 25
Changed: Oct 3
Last Checked: Oct 2 at 6:28PM
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 well-maintained quadruplex, constructed in 1944, is located at 12479 San Pablo Ave, Richmond, CA 94805. The property consists of four units, each featuring one bedroom and one bathroom, with each unit measuring approximately 750 square feet, totaling approximately 3,000 square feet. The building has been consistently maintained and upgraded, with most units remodeled to improve desirability and ensure reliable, low-maintenance tenancy. The property is situated on a high-traffic corridor, providing excellent access to highways, transit, and amenities within a resilient Bay Area market. The gross cap rate is 7.44%, and the net cap rate is 4.82%. This property is ideal for cash-flow investors or 1031 exchanges and is turnkey and ready to perform. The intended use of the property is as an investment opportunity.
Key Highlights
- Strong investment returns: Gross cap rate 7.44%, net cap rate 4.82%
- Well‑maintained and upgraded: Ensures 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
$50,737
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,740
$1.0M
Cap Rate 7%
$724,814
$724.8K
Cap Rate 9%
$563,744
$563.7K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$76.5K $25.20/SF
− Vacancy
−$4.0K −$1.31/SF
EGI
$72.5K $23.89/SF
− OpEx
−$21.7K −$7.17/SF
NOI
$50.7K $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%
$1,014,740
Cap Rate 7%
$724,814
Cap Rate 9%
$563,744
Alternative Uses
Best Use
Multifamily LT 5
$724.8K
$634.2K – $845.6K
NOI $50,737 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$627.9K
$549.4K – $732.5K
NOI $43,951 @ 7.0% cap · market cap 5.30%
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 12479 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 investment returns: Gross cap rate 7.44%, net cap rate 4.82%; Well‑maintained and upgraded: Ensures reliable, low‑maintenance tenancy; Four 1‑bed/1‑bath units: Each ~750 sq ft (total ~3,000 sq ft)
