Corner Duplex with Private
495 Key Boulevard Richmond, CA 94804
495 Key Boulevard, Richmond, CA, 94804
$794,900
Pending
For Sale
$794,900
Pending
Two separate units with private yards, new wood fencing, separate meters, and a converted studio garage for additional income.
Property Size1,764 SF
Days on Market443
Property Features for 495 Key Boulevard
General Information
- Standard status
- Pending
- Size
- 1,764 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1939
Listing agency
Excel Realty, Inc
(917) 709-7324
Listed by
Bruno Versaci
(917) 709-7324
Source
Xome
Added: May 7, 2025 Updated: Jul 21 at 10:57PM Checked: Jul 22 at 3:34AM
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 Excel Realty, Inc
Investment Insights
Based on property information with market context.
This corner duplex offers a turnkey setup with two separately addressed units and their own gas and electric meters. Unit 1 includes a remodeled 2-bedroom, 1-bath layout plus a converted studio garage with a full bath. Unit 2 features a spacious 1-bedroom, 1-bath arrangement with a separate garage.
Both units benefit from large private yards with new wood fencing. The property also includes a 220V EV charger on the Unit 2 side.
Located near direct BART access with a bus stop right outside, the home is described as convenient to transit and local amenities, including El Cerrito school zoning and nearby San Pablo Shops and shopping centers.
Both units benefit from large private yards with new wood fencing. The property also includes a 220V EV charger on the Unit 2 side.
Located near direct BART access with a bus stop right outside, the home is described as convenient to transit and local amenities, including El Cerrito school zoning and nearby San Pablo Shops and shopping centers.
Key Highlights
- Duplex built in 1939 on a corner lot with attached parking and fenced yard space.
- Unit 1 (5030 Barrett Ave.) includes a remodeled 2‑bedroom, 1‑bath home plus a converted studio garage with a full bath.
- Converted studio garage adds separate income potential and has its own bathroom (can be converted back to a garage).
Local Financial Insights For Multifamily LT 5
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 | $44.5k | $25.20 |
| − Vacancy | −$2.3k | −$1.31 |
| EGI | $42.1k | $23.89 |
| − OpEx | −$12.6k | −$7.17 |
| NOI | $29.5k | $16.72 |
1,764 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.4K
$368.7K – $491.7K
NOI $29,499 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$365.0K
$319.4K – $425.9K
NOI $25,553 @ 7.0% cap · market cap 3.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units with private yards, new wood fencing, separate meters, and a converted studio garage for additional income.
Where is this duplex located?
The property is located at 495 Key Boulevard Richmond, CA.
What is the asking price?
The asking price for this property is $794,900.
What are key features of this property?
This property features: Duplex built in 1939 on a corner lot with attached parking and fenced yard space.; Unit 1 (5030 Barrett Ave.) includes a remodeled 2‑bedroom, 1‑bath home plus a converted studio garage with a full bath.; Converted studio garage adds separate income potential and has its own bathroom (can be converted back to a garage).
