Four-Unit Apartment
New
For Sale
$1,200,000
506 Mclaughlin St, Richmond, CA 94805
Well-maintained multifamily property with two-bedroom residences and private garage parking near I-80 and BART.
Lot Size0.11 Acres
Days on Market4
Property Features for 506 Mclaughlin St
General Information
Standard status
Active
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Investment
Additional Details
Highway Access
Yes
Building Details
Building Size
3,594 SF
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
COMPASS COMMERCIAL
(415) 794-5804
Listed By:
Gabriel Manzanares · License #02051583
(415) 794-5804
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 12:27PM
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 COMPASS COMMERCIAL
Investment Insights
Based on property information with market context.
506 McLaughlin Street is a four-unit apartment building with four two-bedroom, one-bathroom residences. Built in 1950, the property occupies a 5,000-square-foot lot and includes three private garages, providing parking and storage for tenants or an owner-user.
The property is located in Richmond near the El Cerrito border, with access to I-80 and nearby BART stations. Home Depot, Target, everyday retail, and the Berkeley Country Club are located nearby. WalkScore is 84, BikeScore is 51, and TransitScore is 47.
The property is located in Richmond near the El Cerrito border, with access to I-80 and nearby BART stations. Home Depot, Target, everyday retail, and the Berkeley Country Club are located nearby. WalkScore is 84, BikeScore is 51, and TransitScore is 47.
Key Highlights
- Four‑unit apartment building with four two‑bedroom, one‑bathroom residences
- Built in 1950 on a 5,000‑square‑foot lot
- Three private garages provide parking and storage
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 | $90.6k | $25.20 |
| − Vacancy | −$4.7k | −$1.31 |
| EGI | $85.9k | $23.89 |
| − OpEx | −$25.8k | −$7.17 |
| NOI | $60.1k | $16.72 |
3,594 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$858.6K
$751.3K – $1.00M
NOI $60,101 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$743.8K
$650.8K – $867.7K
NOI $52,063 @ 7.0% cap · market cap 4.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with two-bedroom residences and private garage parking near I-80 and BART.
Where is this quadplex located?
The property is located at 506 Mclaughlin St Richmond, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit apartment building with four two‑bedroom, one‑bathroom residences; Built in 1950 on a 5,000‑square‑foot lot; Three private garages provide parking and storage
