Six-Unit Apartment
410 34Th St Richmond, CA 94804
410 34Th St, Richmond, CA, 94804
$1,250,000
For Sale
$1,250,000
Six 2BR/1BA units with off-street parking and separate utilities; remodeled interiors and near-full occupancy.
Property Size4,814 SF
Lot Size0.18 Acres
Price / SF$259.66
Days on Market47
Property Features for 410 34Th St
General Information
- Standard status
- Active
- Size
- 4,814 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing agency
THE PINZA GROUP, INC
(510) 725-4775
Listed by
DAVID HOWARTH · License #01360348
Source
Corcoran
Added: Jun 6 Updated: Jul 22 at 7:08AM Checked: Jul 22 at 7:08AM
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This six-unit apartment complex was originally built in 1963 and includes six 2BR/1BA apartments. The property is nearly 100% occupied and provides approximately 4,814 square feet of living space on a 7,875 square foot lot with off-street parking for all tenants. Units are separately metered for water, gas, and electric, and interior finishes have been remodeled over time, including updated kitchens and bathrooms, wood floors, double pane windows, and new paint. The building is described as being in great condition with no deferred maintenance, and the owner self-manages the property.
The surrounding area is comprised mostly of single-family homes with few other apartment buildings, which reduces local multifamily inventory. The property is also positioned for easy access to HWY580 and HWY80, with many nearby restaurants and shopping options.
This is a straightforward, separately metered income property with a consistent 2-bedroom layout across all units and an on-site management model.
The surrounding area is comprised mostly of single-family homes with few other apartment buildings, which reduces local multifamily inventory. The property is also positioned for easy access to HWY580 and HWY80, with many nearby restaurants and shopping options.
This is a straightforward, separately metered income property with a consistent 2-bedroom layout across all units and an on-site management model.
Key Highlights
- 1963‑built 6‑unit apartment complex with about 4,814 SF total living space
- Unit mix: six 2BR/1BA units with nearly 100% occupancy
- Off‑street parking for all tenants and separate utilities (water, gas, and electric) with individual metering
Local Financial Insights For Apartment 5plus
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 | $134.6k | $27.96 |
| − Vacancy | −$7.8k | −$1.62 |
| EGI | $126.8k | $26.34 |
| − OpEx | −$57.1k | −$11.85 |
| NOI | $69.7k | $14.49 |
4,814 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$996.2K
$871.7K – $1.16M
NOI $69,736 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,503 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six 2BR/1BA units with off-street parking and separate utilities; remodeled interiors and near-full occupancy.
Where is this apartment building located?
The property is located at 410 34Th St Richmond, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1963‑built 6‑unit apartment complex with about 4,814 SF total living space; Unit mix: six 2BR/1BA units with nearly 100% occupancy; Off‑street parking for all tenants and separate utilities (water, gas, and electric) with individual metering
