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Garden-Centered Duplex
For Sale
$849,000

5705 Panama Ave, Richmond, CA 94804

Two separate residences share landscaped outdoor areas, garage and storage space, and convenient access to regional transportation.

Property SizeContact for details
Days on Market129

Property Features for 5705 Panama Ave

General Information

Standard status Active
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 1BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 2

Amenities

gardens

Building Details

Year Built 1923
Units 2
Listing Agency:
Listed By: Maya Arechiga
Source: Elliman
Added: Apr 24 Changed: Aug 29 Last Checked: Aug 29 at 6:34PM

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 Maya Arechiga

Investment Insights

Based on property information with market context.

Built in 1923, this duplex combines a light-filled flat above garage and storage areas with a separate detached-style home set farther into the parcel. The property includes private laundry areas, a recently updated kitchen, a mudroom, a sunny living room, and a formal dining room. Three distinct gardens create outdoor settings for relaxation and entertaining, including a meditation garden and plantings that attract butterflies and hummingbirds. The upper residence also has expansive outlooks toward Richmond Annex and Albany Hill.

The property is positioned near I-80, BART, bus lines, and El Cerrito Plaza. Walk Score is 95, Bike Score is 98, and Transit Score is 58. Bedroom, bathroom, and square-footage information varies in the source data and is not summarized here.

Key Highlights

  • Duplex with two distinct residences on one property
  • Three landscaped gardens, including a meditation garden
  • Garage and storage areas beneath the upper flat

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Parking Lot & Garage Catering Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,331
Businesses Nearby

Demographics for 94804, CA

45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences share landscaped outdoor areas, garage and storage space, and convenient access to regional transportation.
Where is this duplex located?
The property is located at 5705 Panama Ave Richmond, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Duplex with two distinct residences on one property; Three landscaped gardens, including a meditation garden; Garage and storage areas beneath the upper flat
More about this property
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