Garage-Parked Multifamily
1324 Gaynor Avenue Richmond, CA 94801
For Sale
$1,050,000
1960-built 4-unit multifamily on a 0.26-acre lot with garage and driveway parking, currently 100% occupied.
Property Size4,000 SF
Lot Size0.26 Acres
Price / SF$262.50
Days on Market15
Property Features for 1324 Gaynor Avenue
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.26 Acres
Property subtype
Quadruplex
Building Details
Year Built
1960
Listing Agency:
Clearpoint Brokerage Corporation
(415) 375-4330
Listed By:
Julien Goavec
Source:
Bonniespindler
Added: Jul 15
Changed: Jul 26
Last Checked: Jul 28 at 2:41PM
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 Clearpoint Brokerage Corporation
Investment Insights
Based on property information with market context.
Constructed in 1960, this multifamily property includes four conforming units plus one nonconforming unit, totaling approximately 4,000 square feet on a 0.26-acre lot. The unit mix consists of one 2 bed/1 bath, two 1 bed/1 bath units, and two studio units (one nonconforming). Parking is supported by two garage spaces and two additional driveway spaces.
The building is currently 100% occupied. Scheduled rents total $9,613 per month, resulting in $115,356 in gross rental income. Financial highlights provided include a current cap rate of 7.57% and a GRM of 9.1.
Utilities are structured with water master-metered; electric and gas are individually metered. The landlord is responsible for the house meter, supporting a straightforward operating framework.
The building is currently 100% occupied. Scheduled rents total $9,613 per month, resulting in $115,356 in gross rental income. Financial highlights provided include a current cap rate of 7.57% and a GRM of 9.1.
Utilities are structured with water master-metered; electric and gas are individually metered. The landlord is responsible for the house meter, supporting a straightforward operating framework.
Key Highlights
- 1960‑built multifamily at 1324 Gaynor Ave, Richmond: 4 units + 1 non‑conforming unit
- 4,000 SF building on a 0.26‑acre lot, with a unit mix of 2 bed/1 bath, 1 bed/1 bath, and studio units (including 1 non‑conforming studio)
- Fully occupied: 100% current occupancy
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 | $100.8k | $25.20 |
| − Vacancy | −$5.2k | −$1.31 |
| EGI | $95.6k | $23.89 |
| − OpEx | −$28.7k | −$7.17 |
| NOI | $66.9k | $16.72 |
4,000 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$955.6K
$836.1K – $1.11M
NOI $66,891 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$827.8K
$724.3K – $965.7K
NOI $57,944 @ 7.0% cap · market cap 5.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - 1960-built 4-unit multifamily on a 0.26-acre lot with garage and driveway parking, currently 100% occupied.
Where is this quadplex located?
The property is located at 1324 Gaynor Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1960‑built multifamily at 1324 Gaynor Ave, Richmond: 4 units + 1 non‑conforming unit; 4,000 SF building on a 0.26‑acre lot, with a unit mix of 2 bed/1 bath, 1 bed/1 bath, and studio units (including 1 non‑conforming studio); Fully occupied: 100% current occupancy
