Three-Unit Multifamily
For Sale
$1,299,000
2415 Columbia Blvd, Richmond, CA 94804
Residential Income, Richmond, CA
Property Size4,565 SF
Lot Size0.11 Acres
Price / SF$284.56
Days on Market47
Property Features for 2415 Columbia Blvd
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 4, Laundry Room, Bedroom 6, Bathroom 4, Bedroom 2
Parking features
Off Street
Interior features
Storage
Exterior features
Back Yard, Front Yard, Side Yard
Fireplace
1
Subdivision
Richmond Annex
Lot features
Level
High school district
Out of Area
Directions
Columbia \ Panama.
Standard status
Active
APN
5100910149
Size
4,565 SF
Lot size
0.11 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1990
Number of units
3
Flooring type
Tile, Laminate, Carpet
Building materials
Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Realty One Group Elite
(925) 978-1100
Listed By:
Wilfredo Cuevas · License #02075597
(925) 395-8026
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 4 at 1:06PM
MLS# 41142204
Copyright © 2026 Contra Costa Association of REALTORS®. 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 1990 triplex contains 4,565 square feet on a 0.1148-acre lot. The property includes storage, tile, laminate, and carpet flooring, wall-furnace heating, ceiling fans, and a fireplace. Stucco construction is complemented by a shingle roof, public water service, and off-street parking.
Outdoor areas include front, back, and side yards. The property is next to Interstate 580 and Interstate 80, providing direct access for commuting in and out of the area. Its three-unit configuration offers a multifamily layout with substantial overall building area.
Outdoor areas include front, back, and side yards. The property is next to Interstate 580 and Interstate 80, providing direct access for commuting in and out of the area. Its three-unit configuration offers a multifamily layout with substantial overall building area.
Key Highlights
- Three‑unit multifamily property with 4,565 square feet
- Built in 1990 on a 0.1148‑acre lot
- Adjacent to Interstate 580 and Interstate 80
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
$76,339
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
5.88%
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%
$1,526,780
$1.5M
Cap Rate 7%
$1,090,557
$1.1M
Cap Rate 9%
$848,211
$848.2K
Market Conditions
NOI Build-Up for 4,565 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
$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 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%
$1,526,780
Cap Rate 7%
$1,090,557
Cap Rate 9%
$848,211
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$954.2K – $1.27M
NOI $76,339 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$944.7K
$826.6K – $1.10M
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with substantial living space, storage, private yard areas, and off-street parking near major regional routes.
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 multifamily property with 4,565 square feet; Built in 1990 on a 0.1148‑acre lot; Adjacent to Interstate 580 and Interstate 80
