30-32 9Th St Richmond, CA 94801
This Richmond, CA property offers a fantastic opportunity for owner-users seeking income generation. The 2,400 square foot property consists of two buildings: an approximately 1,800 square foot warehouse with drive-through access to a fenced yard, and a 600 square foot workshop. Currently housing two tenants, this multi-tenant property provides immediate rental income. The 5,000 square foot lot is zoned RM2, allowing for grandfathered light industrial use and potential live/work applications. Built in 1990, the single-story buildings are priced at $595,000, or $297,500 per unit, with a price per square foot of $247.92. The land value is $119 per square foot. The property is available for occupancy on September 28, 2024, and features a gross lease type. Seller financing may be available for qualified buyers. The property's address is 30-32 9th Street, Richmond, CA 94801, APN 538-430-004-1.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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