506 Mclaughlin Street,Richmond, CA 94805
Richmond, CA 94805
Description
506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one- bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area. The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income- producing multifamily asset.
Details
| MLS # | ML82055842 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 41 |
| Listing Provided By | Compass | Gabriel Manzanares |
Features
| SQ Feet | 3,594 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | Multifamily |
| Acreage | 0.11 |
Interior
| Heating | Floor Furnace, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Property | 21923 |
|---|
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94805 |
| Area | 699 Not Defined |
| Listing VS Median (in 94805) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 3,594 low | high Med: 3,594 $ / sqft: $334 low | high Med: $334 On site: 41 low | high Med: 41 | |
Market Activity 94805
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94805 |
| Area | 699 Not Defined |
| Listing VS Median (in 94805) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 3,594 low | high Med: 3,594 $ / sqft: $334 low | high Med: $334 On site: 41 low | high Med: 41 | |