Four-Unit Apartment
For Sale
$1,200,000
506 Mclaughlin Street, Richmond, CA 94805
Well-maintained multifamily property with two-bedroom residences and private garage parking near I-80 and BART.
Property Size3,594 SF
Lot Size0.11 Acres
Price / SF$333.89
Days on Market31
Property Features for 506 Mclaughlin Street
General Information
Standard status
Active
Size
3,594 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$21,923
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(415) 794-5804
Listed By:
Gabriel Manzanares · License #02051583
(415) 794-5804
Source:
Exitrealty
Added: Jul 30
Changed: Aug 25
Last Checked: Aug 28 at 8:37AM
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
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
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
$60,101
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
5.01%
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%
$1,202,020
$1.2M
Cap Rate 7%
$858,586
$858.6K
Cap Rate 9%
$667,789
$667.8K
Market Conditions
NOI Build-Up for 3,594 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
$90.6K $25.20/SF
− Vacancy
−$4.7K −$1.31/SF
EGI
$85.9K $23.89/SF
− OpEx
−$25.8K −$7.17/SF
NOI
$60.1K $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 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%
$1,202,020
Cap Rate 7%
$858,586
Cap Rate 9%
$667,789
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
908
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 Street 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
