2318 Lowell Avenue,Richmond, CA 94804
Richmond, CA 94804
Description
Newly priced at $875,000-an excellent opportunity for an owner-occupant or multifamily investor in the heart of Richmond! This well-maintained fourplex features four spacious 2-bedroom, 1-bath units totaling approximately 3,154 square feet, offering immediate income with significant long-term upside. Two units are subject to rent control, while the two upper units are exempt, providing flexibility for future rental growth or owner occupancy. The upper units have been recently refreshed with new interior paint, and the exterior has been freshly painted, allowing the next owner to focus on maximizing returns rather than tackling major renovations. The property is individually metered for PG&E (tenant-paid utilities) and includes a new coin-operated washer and dryer, additional rear storage, and covered parking-desirable amenities that enhance tenant appeal and retention. This property offers excellent value-add potential, making it an attractive opportunity for investors seeking long-term appreciation and increased cash flow, as well as owner-occupants looking to offset their mortgage with rental income. Conveniently located near Highways 80 and 580, shopping, dining, public transportation, and everyday conveniences, this property benefits from strong commuter demand and a highly desirable rental location
Details
| MLS # | 41143142 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1961 |
| Days On Site | 48 |
| Listing Provided By | Trust Properties USA, Inc | Lisa Gordon |
Features
| Car Port | Yes |
|---|---|
| Units | 4 |
| Acreage | 0.11 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | See Remarks, Stucco, Wood Siding |
|---|---|
| Lot Features | Back Yard |
Parking
| Parking Features | Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94804 |
| Community Name | CENTRAL RICHMOND |
| Listing VS Median (in CENTRAL RICHMOND) | |
Price: $875,000 low | high Med: $0 On site: 48 low | high Med: | |
Market Activity 94804
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94804 |
| Community Name | CENTRAL RICHMOND |
| Listing VS Median (in CENTRAL RICHMOND) | |
Price: $875,000 low | high Med: $0 On site: 48 low | high Med: | |
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