Four-Unit Residential Income
1619 Chanslor Ave Richmond, CA 94801
New
1619 Chanslor Ave, Richmond, CA, 94801
$850,000
For Sale
$850,000
MULTI_FAMILY - Richmond, CA
Property Size2,991 SF
Lot Size0.08 Acres
Price / SF$284.19
Days on Market2
Property Features for 1619 Chanslor Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 6, Bathroom 7, Laundry Room, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 7, Bedroom 2
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 5402300189
- Size
- 2,991 SF
- Lot size
- 0.08 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1931
- Number of units
- 4
- Building materials
- Stucco
Listing Agency
EXP Realty of California, Inc
(888) 584-9427
2603 Camino Ramon Ste 200, San Ramon, CA
Listed by
Alma Wallace
(510) 599-6003
Added: Jul 16 Checked: Jul 17 at 6:06 am
MLS# 41141972
Listing URL
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property is presented as a turnkey investment and is fully occupied. The asset is configured for low-maintenance ownership, with separate gas and electric service for the units. The property sits on an extra-large lot and includes abundant on-site parking.
Located in Richmond, the property provides convenient access to I-80 and I-580, as well as Richmond BART and the Richmond Ferry Terminal. It is also close to major local employment and services, including Kaiser Richmond Medical Center, Contra Costa College, Point Richmond, and the Richmond Marina.
With its current fully occupied status and separate utilities, the property is designed for straightforward management while supporting ongoing rental operations.
Located in Richmond, the property provides convenient access to I-80 and I-580, as well as Richmond BART and the Richmond Ferry Terminal. It is also close to major local employment and services, including Kaiser Richmond Medical Center, Contra Costa College, Point Richmond, and the Richmond Marina.
With its current fully occupied status and separate utilities, the property is designed for straightforward management while supporting ongoing rental operations.
Key Highlights
- Fully occupied 4‑unit property
- Separate gas and electric service
- Year built 1931 with stucco construction
Local 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 | $75.4k | $25.20 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $71.5k | $23.89 |
| − OpEx | −$21.4k | −$7.17 |
| NOI | $50.0k | $16.72 |
2,991 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$714.5K
$625.2K – $833.6K
NOI $50,018 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$619.0K
$541.6K – $722.1K
NOI $43,328 @ 7.0% cap · market cap 5.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey, fully occupied 4-unit property in Richmond with separate gas and electric service.
Where is this quadplex located?
The property is located at 1619 Chanslor Ave Richmond, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully occupied 4‑unit property; Separate gas and electric service; Year built 1931 with stucco construction
