Garage-Parked Multifamily
For Sale
$950,000
1324 Gaynor Avenue, Richmond, CA 94801
1960-built 4-unit multifamily on a 0.26-acre lot with garage and driveway parking, currently 100% occupied.
Property Size1,553 SF
Lot Size0.26 Acres
Price / SF$237.50
Days on Market106
Property Features for 1324 Gaynor Avenue
General Information
Standard status
Active
Size
1,553 SF
Total Parking Spaces
4
Lot size
0.26 Acres
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Cap Rate
7.57%
Multifamily Units
5
Building Details
Building Size
1,553 SF
Year Built
1960
Listing Agency:
Clearpoint Brokerage Corporation
Listed By:
Julien Goavec
(415) 375-4330
Source:
Bonniespindler
Added: Jul 15
Changed: Oct 25
Last Checked: Oct 26 at 10:06PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$66,891
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,820
$1.3M
Cap Rate 7%
$955,586
$955.6K
Cap Rate 9%
$743,233
$743.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$100.8K $25.20/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$95.6K $23.89/SF
− OpEx
−$28.7K −$7.17/SF
NOI
$66.9K $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%
$1,337,820
Cap Rate 7%
$955,586
Cap Rate 9%
$743,233
Alternative Uses
Best Use
Multifamily LT 5
$955.6K
$836.1K – $1.11M
NOI $66,891 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$827.8K
$724.3K – $965.7K
NOI $57,944 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
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Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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 $950,000.
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
