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$1,425,000
Est. payment /mo
5,367 SqFt
UPDATED:
02/27/2025 02:21 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,367 sqft
Price per Sqft $265
MLS Listing ID 41087307
HOA Y/N No
Year Built 1950
Lot Size 10,019 Sqft
Acres 0.23
Property Sub-Type 5 or More Units
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 3321 Barrett Ave is a well-maintained 6-unit building built in the 1950s, offering an attractive investment opportunity. The property consists of a four-unit building with four 2-bedroom units, along with a duplex featuring two 1-bedroom units. Each unit offers ample space, with the 2-bedroom units close to 1,000 square feet and the 1-bedroom units just under 800 square feet. On average, each unit spans nearly 900 square feet. The building is separately metered for water, gas, and electricity, which helps keep operating expenses low for the new owner. Currently, the property generates over $10,000 per month with over 30% upside in gross rents and nearly 50% upside in net operating income. Many of the units have been recently updated, including upgrades to electrical panels and windows, while the exterior has been meticulously maintained with freshly paved garage areas and well-kept brick trim. The result is a perfect blend of vintage charm and modern living. The property is also well-equipped for tenants, with six garages and additional off-street parking spaces available. Its prime location in the desirable North & East district of Richmond, California, further enhances its appeal
Location
State CA
County Contra Costa
Rooms
Basement None
Interior
Heating Electric
Cooling None
Flooring Carpet
Fireplace No
Exterior
Utilities Available Wired For Cable TV, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
Total Parking Spaces 6
Building
Lot Description Corner Lot
Sewer Public Sewer
New Construction No
Others
Tax ID 5160500103
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Listed by Jatin Mehta • Real Brokerage Technologies