Separately Metered
For Sale
$675,000
Pending
450 44th St, Richmond, CA 94805
Four independent units in a fourplex with separate meters and freeway-adjacent access for convenient commuting.
Property Size3,114 SF
Days on Market94
Property Features for 450 44th St
General Information
Standard status
Pending
Size
3,114 SF
Property subtype
Investment
Building Details
Building Size
3,114 SF
Year Built
1962
Units
4
Listing Agency:
Twin Oaks Real Estate Inc
Listed By:
Ambar E Toledo · License #02031803
(510) 239-8827
Source:
Elliman
Added: Jul 21
Changed: Oct 19
Last Checked: Oct 20 at 9:00PM
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 Twin Oaks Real Estate Inc
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Investment Insights
Based on property information with market context.
This fourplex offers four separately metered units, helping keep utilities accounted for at the unit level and simplifying owner operations. Each unit has its own utility metering, an efficient setup for managing residential income property expenses.
The property is located next to the freeway, providing convenient access for commuters heading toward the East Bay and San Francisco. Walk and transit options are present in the surrounding area, with a Walk Score of 71 and Transit Score of 41, along with a Bike Score of 59.
As a multifamily residential income asset, the property’s core configuration is a four-unit building designed for straightforward, independently metered occupancy.
The property is located next to the freeway, providing convenient access for commuters heading toward the East Bay and San Francisco. Walk and transit options are present in the surrounding area, with a Walk Score of 71 and Transit Score of 41, along with a Bike Score of 59.
As a multifamily residential income asset, the property’s core configuration is a four-unit building designed for straightforward, independently metered occupancy.
Key Highlights
- Fourplex built in 1962 with four independent units
- Each unit is separately metered, helping keep utility costs off the owner’s books
- Minimal vacancy history with long‑term, stable tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,075
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,500
$1.0M
Cap Rate 7%
$743,929
$743.9K
Cap Rate 9%
$578,611
$578.6K
Market Conditions
NOI Build-Up for 3,114 SF
Gross rent
$78.5K $25.20/SF
− Vacancy
−$4.1K −$1.31/SF
EGI
$74.4K $23.89/SF
− OpEx
−$22.3K −$7.17/SF
NOI
$52.1K $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%
$1,041,500
Cap Rate 7%
$743,929
Cap Rate 9%
$578,611
Alternative Uses
Best Use
Multifamily LT 5
$743.9K
$650.9K – $867.9K
NOI $52,075 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$644.4K
$563.9K – $751.8K
NOI $45,110 @ 7.0% cap · market cap 6.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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Business Placement
Demographics for 94805, CA
14,958
Population
6,076
Households
2.5
Avg Household Size
41
Median Age
44%
College-Educated
86%
High-School Grad
1.9 sq mi
ZIP Area
7,873
Density / Sq Mi
$114,191
Median Household Income
$57,133
Median Earnings
$2,272
Median Rent
$738,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four independent units in a fourplex with separate meters and freeway-adjacent access for convenient commuting.
Where is this quadplex located?
The property is located at 450 44th St Richmond, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fourplex built in 1962 with four independent units; Each unit is separately metered, helping keep utility costs off the owner’s books; Minimal vacancy history with long‑term, stable tenants
