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$ 998,000
Est. payment /mo
New
701 Alamo Ave Richmond, CA 94801
10 Beds
2,928 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,928 sqft
Price per Sqft $340
Subdivision Richmond
MLS Listing ID 41116669
Bedrooms 10
HOA Y/N No
Year Built 1948
Lot Size 5,000 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. 701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $10,000 per month in rent, translating to an annual gross income of $120,000, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space — a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike.
Location
State CA
County Contra Costa
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Other
Flooring Wood
Fireplace No
Exterior
Utilities Available Cable TV, Wired For, Individual Electric Meter, Individual Gas Meter
Total Parking Spaces 4
Building
Lot Description Rectangular Lot, Paved
New Construction No
Others
Tax ID 5612520162
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jatin Mehta • Kite Hill Real Estate