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    Panama Ave Richmond, CA 94804

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    For Sale
    $1,950,000

    Six-unit multifamily property in Richmond Annex, built in 1988.

    Property size:
    5,286 SF
    Lot size:
    0.17 Acres

    Property Features for Panama Ave

    General Information

    Standard status
    Active
    Size
    5,286 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1988

    Source: THE PINZA GROUP, INC Agent STEVEN PINZA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Annex Multifamily Investment Opportunity

    This multifamily property, located in the Richmond Annex, features a total of six units. The unit mix includes four two-bedroom, one-bathroom units, each measuring 950 square feet, and two two-bedroom, two-bathroom units, each measuring 1,050 square feet. Constructed in 1988, the building minimizes maintenance and repair costs. The property includes eight private garages and shared laundry facilities. The landscaping is designed for easy maintenance. A new roof was installed in 2022. The building is very well maintained with no deferred maintenance. The property is situated minutes from BART and shopping. The property size is 5,286 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.31572
    Latitude
    37.9038211

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Richmond Annex, built in 1988.
    Where is this apartment building located?
    The property is located at Panama Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Six total units: Four 2-bed, 1-bath units (950 SF) and Two 2-bed, 2-bath units (1,050 SF).; - Prime Richmond Annex location, minutes from BART and shopping.; - Price Improvement of $65,000.
    (510) 725-4775
    Request Owner's contact information
    Panama Ave Richmond, CA 94804
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    Richmond, CA 94804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Panama Ave Richmond, CA 94804
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