Fourplex with Renovated
For Sale
$799,000
2300 Foothill Avenue, Richmond, CA 94804
One residence has been updated, with potential for an owner to occupy that unit.
Property Size2,408 SF
Price / SF$331.81
Days on Market64
Property Features for 2300 Foothill Avenue
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Quadruplex
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Building Size
2,408 SF
Year Built
1956
Listing Agency:
Vertical Metro Real Estate
Listed By:
Scott Osborne · License #01102004
Source:
Marinsfinest
Added: Aug 30
Changed: Oct 29
Last Checked: Oct 29 at 2:51PM
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 Vertical Metro Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,408 square feet and dates to 1956. One unit has been renovated and may suit an owner occupant, while the other residences have long-term tenants.
The property is in Richmond, California, with freeway access nearby.
The property is in Richmond, California, with freeway access nearby.
Key Highlights
- Four‑unit residential property with 2,408 square feet
- Built in 1956
- One unit has been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,268
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,360
$805.4K
Cap Rate 7%
$575,257
$575.3K
Cap Rate 9%
$447,422
$447.4K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$60.7K $25.20/SF
− Vacancy
−$3.2K −$1.31/SF
EGI
$57.5K $23.89/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.3K $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%
$805,360
Cap Rate 7%
$575,257
Cap Rate 9%
$447,422
Alternative Uses
Best Use
Multifamily LT 5
$575.3K
$503.4K – $671.1K
NOI $40,268 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$498.3K
$436.0K – $581.4K
NOI $34,882 @ 7.0% cap · market cap 4.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One residence has been updated, with potential for an owner to occupy that unit.
Where is this quadplex located?
The property is located at 2300 Foothill Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit residential property with 2,408 square feet; Built in 1956; One unit has been renovated
