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Listed by Jatin Mehta • Kite Hill Real Estate
$ 998,000
Est. payment | /mo
2,928 SqFt
$ 998,000
Est. payment | /mo
2,928 SqFt
Open House
Tue Nov 18, 3:00pm - 4:00pm
Thu Nov 20, 3:00pm - 4:00pm
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
HOA Y/N No
Year Built 1948
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
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
Interior
Heating Natural Gas
Cooling Other
Flooring Wood
Fireplace No
Building
Lot Description Rectangular Lot, Paved
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