72
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$925,000
Est. payment /mo
5,000 Sqft Lot
New
2318 Lowell Avenue Richmond, CA 94804
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Central Richmond
MLS Listing ID 41143142
HOA Y/N No
Year Built 1961
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
Exceptional investment opportunity 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
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 4
Building
Lot Description Back Yard
Others
Tax ID 5271900051
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Lisa Gordon Trust Properties USA, Inc #01310039
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