Fully Occupied Fourplex With
701 40Th St Richmond, CA 94805
For Sale
$999,995
Four 1-bedroom, 1-bath units are fully occupied, with updated interiors and private garage plus additional onsite parking.
Property Size2,430 SF
Price / SF$411.52
Days on Market65
Property Features for 701 40Th St
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1948
Listing Agency:
Mardel Realty & Loans Inc.
(510) 289-5103
Listed By:
Doris De Leon · License #01294590
(510) 289-5103
Source:
Exitrealty
Added: May 20
Changed: Jul 21
Last Checked: Jul 23 at 8:06AM
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 Mardel Realty & Loans Inc.
Investment Insights
Based on property information with market context.
This fully occupied fourplex offers four separate 1-bedroom, 1-bath units. Recent exterior improvements include a new roof, new exterior paint, and new windows. Inside, units feature updated kitchens, refrigerators, and laundry hookups, supporting functional day-to-day living.
The property is located at 701 40th St in Richmond, CA, near I-80 and BART, with access to public transportation, schools, shopping, restaurants, and downtown amenities. Parking is a key feature, with private garage parking for tenants plus additional onsite parking.
With all units currently occupied, the building presents an income-producing residential income opportunity centered on four well-maintained units and established tenant occupancy.
The property is located at 701 40th St in Richmond, CA, near I-80 and BART, with access to public transportation, schools, shopping, restaurants, and downtown amenities. Parking is a key feature, with private garage parking for tenants plus additional onsite parking.
With all units currently occupied, the building presents an income-producing residential income opportunity centered on four well-maintained units and established tenant occupancy.
Key Highlights
- 1948‑built fourplex with four 1‑bedroom, 1‑bath units
- All four units are fully occupied
- Updated interiors include updated kitchens, refrigerators, and laundry hookups
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 | $61.2k | $25.20 |
| − Vacancy | −$3.2k | −$1.31 |
| EGI | $58.1k | $23.89 |
| − OpEx | −$17.4k | −$7.17 |
| NOI | $40.6k | $16.72 |
2,430 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.5K
$508.0K – $677.3K
NOI $40,636 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$502.9K
$440.0K – $586.7K
NOI $35,201 @ 7.0% cap · market cap 3.52%
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
Quadplexes
FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units are fully occupied, with updated interiors and private garage plus additional onsite parking.
Where is this quadplex located?
The property is located at 701 40Th St Richmond, CA.
What is the asking price?
The asking price for this property is $999,995.
What are key features of this property?
This property features: 1948‑built fourplex with four 1‑bedroom, 1‑bath units; All four units are fully occupied; Updated interiors include updated kitchens, refrigerators, and laundry hookups
