Building Details

Year Built 1990

Buildings 1

Listing Agency: Realty One Group Elite Show Phone

Listed By: Wilfredo Cuevas · License #02075597 Show Phone

Source: Exitrealty

Added: Jul 22 Changed: Oct 13 Last Checked: Oct 12 at 6:25PM

Report an Issue

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 Realty One Group Elite

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1990-built triplex contains three residential units within approximately 4,565 square feet. The unit mix includes one three-bedroom, two-bath residence measuring 2,291 square feet, plus two two-bedroom, two-bath units measuring 1,127 square feet each. The larger residence is described as offering living space beyond the typical home, with a view noted in the property information.

The property is positioned near Interstate 580 and Interstate 80, providing access for commuting in and out of the area. Its three-unit layout supports an owner-occupant arrangement with additional residences on site or a fully income-oriented configuration, subject to applicable requirements.

Key Highlights

• Three‑unit residential building
• Approximately 4,565 SF across the property
• Unit mix includes one 3‑bedroom, 2‑bath residence and two 2‑bedroom, 2‑bath units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,339

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,526,780 $1.5M

Cap Rate 7%

$1,090,557 $1.1M

Cap Rate 9%

$848,211 $848.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,565 SF

Gross rent

$115.0K $25.20/SF

− Vacancy

−$6.0K −$1.31/SF

EGI

$109.1K $23.89/SF

− OpEx

−$32.7K −$7.17/SF

NOI

$76.3K $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%

$1,526,780

Cap Rate 7%

$1,090,557

Cap Rate 9%

$848,211

Alternative Uses

Best Use

Multifamily LT 5

$1.09M

$954.2K – $1.27M (±1% cap)

NOI $76,339 @ 7.0% cap · market cap 5.88%

Second Best

Apartment 5plus

$944.7K

$826.6K – $1.10M (±1% cap)

NOI $66,129 @ 7.0% cap · market cap 5.09%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store HVAC Service Electrical Service Grocery & Convenience Store

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

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

663

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

3-Unit Triplex with Private Entrances

156 16th St, Richmond, CA 94801

$670,000

View details

Multi-Suite Office Building

116 Washington Avenue, Richmond, CA 94801

$975,000

4,535 SF

View details

Remodeled Office Building For Sale

418 Wilson Ave, Richmond, CA 94805

$1,600,000

4,800 SF

View details

4-Unit Multifamily Property

1401 Bissell Ave, Richmond, CA 94801

$949,000

4,488 SF

View details

Updated Six-Unit Apartment Building

3321 Barrett Avenue, Richmond, CA 94805

$1,225,000

View details

Multifamily Property with Covered Parking

512 S 16th St, Richmond, CA 94804

$1,100,000

5,192 SF

View details

Light Industrial Building

744 S 13Th St, Richmond, CA 94804

$1,200,000

3,740 SF

View details

Renovated Richmond Building For Sale

671 9th St, Richmond, CA 94801

$950,000

4,124 SF

View details

Four-Unit Apartment Building

506 Mclaughlin Street, Richmond, CA 94805

$1,200,000

3,594 SF

View details

Garage-Parked Multifamily Quadplex

1324 Gaynor Avenue, Richmond, CA 94801

$950,000

4,000 SF

View details

Light-Filled Office Building For Sale

Railroad Ave, Richmond, CA 94801

$1,350,000

3,361 SF

View details

Four-Unit Multifamily Property

457 S 18th St, Richmond, CA 94801

$998,000

3,652 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three-unit configuration includes a larger residence alongside two two-bedroom units.

Where is this triplex located?

The property is located at 2415 Columbia Blvd Richmond, CA.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Three‑unit residential building; Approximately 4,565 SF across the property; Unit mix includes one 3‑bedroom, 2‑bath residence and two 2‑bedroom, 2‑bath units