Four-Unit Multifamily
For Sale
$1,050,000
5307 Columbia Ave, Richmond, CA 94804
Four residences offer private patios, in-unit laundry, updated finishes, and separately metered utilities.
Property Size3,336 SF
Price / SF$314.75
Days on Market42
Property Features for 5307 Columbia Ave
General Information
Standard status
Active
Size
3,336 SF
Property subtype
Multi Family Home
Zoning
RM-1
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Building Details
Building Size
3,336 SF
Year Built
1954
Listing Agency:
Oak Tree Property Group
(510) 255-2248
Listed By:
Stephen Pagones · License #01760998
(510) 255-2248
Source:
Brucebaldwin
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 6:23PM
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 Oak Tree Property Group
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1954 and contains 3,336 square feet. The configuration includes two one-bedroom, one-bath residences, one two-bedroom, one-bath residence, and one three-bedroom, two-bath residence. Each unit includes a washer and dryer, updated cabinetry and countertops, and a private patio. On-site parking and mature landscaping are also provided.
Individual metering for water, gas, and electricity supports separate utility administration. The property is zoned RM-1 and is located in Richmond, California, at 5307 Columbia Avenue.
Individual metering for water, gas, and electricity supports separate utility administration. The property is zoned RM-1 and is located in Richmond, California, at 5307 Columbia Avenue.
Key Highlights
- 3,336‑square‑foot multifamily property built in 1954
- Four‑unit mix: two 1‑bedroom, 1‑bath units; one 2‑bedroom, 1‑bath unit; one 3‑bedroom, 2‑bath unit
- Washer and dryer provided in every unit
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
$55,787
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
5.31%
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%
$1,115,740
$1.1M
Cap Rate 7%
$796,957
$797.0K
Cap Rate 9%
$619,856
$619.9K
Market Conditions
NOI Build-Up for 3,336 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
$84.1K $25.20/SF
− Vacancy
−$4.4K −$1.31/SF
EGI
$79.7K $23.89/SF
− OpEx
−$23.9K −$7.17/SF
NOI
$55.8K $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%
$1,115,740
Cap Rate 7%
$796,957
Cap Rate 9%
$619,856
Alternative Uses
Best Use
Multifamily LT 5
$797.0K
$697.3K – $929.8K
NOI $55,787 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$690.4K
$604.1K – $805.4K
NOI $48,326 @ 7.0% cap · market cap 4.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 94804, CA
45,108
Population
16,659
Households
2.7
Avg Household Size
37
Median Age
32%
College-Educated
78%
High-School Grad
6.5 sq mi
ZIP Area
6,940
Density / Sq Mi
$86,430
Median Household Income
$46,473
Median Earnings
$1,825
Median Rent
$618,000
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 - Four residences offer private patios, in-unit laundry, updated finishes, and separately metered utilities.
Where is this quadplex located?
The property is located at 5307 Columbia Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,336‑square‑foot multifamily property built in 1954; Four‑unit mix: two 1‑bedroom, 1‑bath units; one 2‑bedroom, 1‑bath unit; one 3‑bedroom, 2‑bath unit; Washer and dryer provided in every unit
