Fourplex Residential Income
For Sale
Contact for pricing
Pending
854 7th St, Richmond, CA 94801
Four 2-bedroom, 1-bath units with delivery planned for 3/4 units vacant at close, one unit available to view.
Property SizeContact for details
Days on Market147
Property Features for 854 7th St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
CORCORAN GLOBAL LIVING
Listed By:
Conner Applegate · License #01938041
(925) 726-7120
Source:
Crexi
Added: Apr 11
Changed: Aug 13
Last Checked: Sep 1 at 10:00AM
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 CORCORAN GLOBAL LIVING
Investment Insights
Based on property information with market context.
This fourplex at 854 7th St in Richmond is comprised of four 2-bedroom, 1-bath units, providing 6 bedrooms for a family buying the property or an investor seeking market rents. The offering includes delivery to the buyer with 3/4 of the units vacant at the close of escrow, and one unit is currently available for viewing.
The listing is presented with a current cap rate reference of 7.75% and a pro forma of 8.12% (financial details available by request). The seller also indicates the possibility of a mortgage rate buydown, with options including a 3-2-1 buydown or a lump sum, and notes lender-provided benefits of 6 months of free refis from the purchase date.
For questions, financials, or to schedule a viewing of the currently available unit, contact the listing agent.
The listing is presented with a current cap rate reference of 7.75% and a pro forma of 8.12% (financial details available by request). The seller also indicates the possibility of a mortgage rate buydown, with options including a 3-2-1 buydown or a lump sum, and notes lender-provided benefits of 6 months of free refis from the purchase date.
For questions, financials, or to schedule a viewing of the currently available unit, contact the listing agent.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units, totaling 6 bedrooms across the property.
- Delivery planned for 3 of 4 units vacant at close of escrow; one unit currently available for viewing.
- Currently listed at a 7.75% cap rate with proforma of 8.12% (financials by request).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
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 2-bedroom, 1-bath units with delivery planned for 3/4 units vacant at close, one unit available to view.
Where is this quadplex located?
The property is located at 854 7th St Richmond, CA.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 1‑bath units, totaling 6 bedrooms across the property.; Delivery planned for 3 of 4 units vacant at close of escrow; one unit currently available for viewing.; Currently listed at a 7.75% cap rate with proforma of 8.12% (financials by request).
