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5534 Jefferson Ave, Richmond, CA 94804
$1,101,010
5534 Jefferson Ave, Richmond, CA 94804View this property at 5534 Jefferson Ave, Richmond, CA 94804
5534 Jefferson AveRichmondCA94804
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Property Description
This offering at 5534 Jefferson Avenue, Richmond, CA is offered for sale for the first time in over forty years. The subject property is located just six-blocks south of the El Cerrito Del Norte BART station and five-blocks from Safeway. The property provides an ideal location walking distance to groceries, public transport, and an easy commute via Hwy-80 to nearby job Centers of Downtown Oakland, and San Francisco. The property sits on a 0.12-acre parcel, constructed circa 1966 (per property records), featuring wood frame with stucco siding, and a flat roof. The complex features spacious units, with three, two-bedroom/one-bath apartments, and a three-bedroom/two-bath apartment. Each unit benefits from covered parking, and units are separately metered for gas, and electricity. The strong location, easy access to Hwy-80 on-ramp just four-blocks away, and proximity to El Cerrito Del Norte BART, should ensure steady tenant demand. A new owners should benefit from 30-year fixed rate residential financing, allowing a superior low-risk investment, with stable expenses and room for rent growth. The in-place rents are significantly below market with 15.6% rental upside upon tenant turnover.
Full Property Details
Full Property Details for 5534 Jefferson Ave
General
- Sold For: $1,101,010
- Status: Closed
- Type: Multi-Family
- Source: MAX
- MLS ID: 41069498
- Added to Site: 39 day(s) ago
Interior
- Interior Features: Storage
- Flooring: Carpet
Exterior
- Exterior Features: Other
Parking
- Parking Features: Carport - 2 Or More
Location
- Area: Listing
- County: Contra Costa
- Driving Directions: 2-blocks West of San Pablo
Heating & Cooling
- Cooling Type: Other
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Stucco
- Roof: Flat
- Living Area: 3,168 Sq. Ft.
- Year Built: 1966
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 5227.2
- Lot Features: Level
- Lot Description: Level
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $292
Disclosures and Reports
- Property ID: 5091600030
Listed by Marcus & Millichap, Jon Holmquist
Sold by Pch Realtorsâ®, Anil Babu Aryal
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Schools
Schools serving 5534 Jefferson Ave
School District:West Contra Costa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
724 Kearney St, El Cerrito, CA 94530 | K-6 | 0.9 mi | |
7125 Donal Ave, El Cerrito, CA 94530 | 6-8 | 0.6 mi | |
540 Ashbury Ave, El Cerrito, CA 94530 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5534 Jefferson Ave
Date
Details
Price
Change
Source
9/10/2024
Sold
$1,101,010
19.03%
MLS
8/12/2024
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5534 Jefferson Ave, Richmond, CA 94804 (MLS# 41069498) is a Multi-Family property that was sold at $1,101,010 on September 10, 2024. Want to learn more about 5534 Jefferson Ave? Do you have questions about finding other Multi-Family real estate for sale in Richmond? You can browse all Richmond real estate or contact a Coldwell Banker agent to request more information.