Residential Income
For Sale
$1,529,000
Pending
312-314 Golden Gate Ave, Richmond, CA 94801
Built in 2007 with an attached garage, garage door opener, and off-street parking.
Property Size3,964 SF
Days on Market43
Property Features for 312-314 Golden Gate Ave
General Information
Standard status
Pending
Size
3,964 SF
Property subtype
Residential Income
Zoning
2 or more
Amenities
Forced Air, Central
Dishwasher
Storage, Cathedral Ceiling(s)
Hills, Valley
Garage Door Opener, Attached, Off Street
Building Details
Building Size
3,964 SF
Year Built
2007
Listing Agency:
(510) 381-2101
Listed By:
Ann Arriola Plant
(510) 381-2101
Source:
Evrealestate
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 31 at 1:02PM
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 Ann Arriola Plant
Investment Insights
Based on property information with market context.
This residential income property at 312-314 Golden Gate Ave in Richmond, California, contains 3,964 square feet and was built in 2007. The exterior includes an attached garage with a garage door opener, along with off-street parking.
The property is located in Contra Costa County and has views of hills and a valley. Access is described via W Richmond-Mono-L Golden Gate.
The property is located in Contra Costa County and has views of hills and a valley. Access is described via W Richmond-Mono-L Golden Gate.
Key Highlights
- 3,964‑square‑foot residential income property
- Built in 2007
- Attached garage with garage door opener
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,148,460
$1.1M
Cap Rate 7%
$820,329
$820.3K
Cap Rate 9%
$638,033
$638.0K
Market Conditions
NOI Build-Up for 3,964 SF
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.
Gross rent
$110.8K $27.96/SF
− Vacancy
−$6.4K −$1.62/SF
EGI
$104.4K $26.34/SF
− OpEx
−$47.0K −$11.85/SF
NOI
$57.4K $14.49/SF
Area
Richmond, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,148,460
Cap Rate 7%
$820,329
Cap Rate 9%
$638,033
Alternative Uses
Best Use
Apartment 5plus
$820.3K
$717.8K – $957.1K
NOI $57,423 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$947.0K
$828.6K – $1.10M
NOI $66,289 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2007 with an attached garage, garage door opener, and off-street parking.
Where is this residential income property located?
The property is located at 312-314 Golden Gate Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,529,000.
What are key features of this property?
This property features: 3,964‑square‑foot residential income property; Built in 2007; Attached garage with garage door opener
