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305 Ripley Ave
RICHMOND, CA 94801

$499,000 
  • -- Beds
  • -- Baths
  • 2,102 sqft
  • Residential Income | FOURPLEX
  • Active
305 Ripley Ave, RICHMOND - 124642932
305 Ripley Ave, RICHMOND - 124642933
305 Ripley Ave, RICHMOND - 124642934
305 Ripley Ave, RICHMOND - 124642935
305 Ripley Ave, RICHMOND - 124642936
305 Ripley Ave, RICHMOND - 124642937
305 Ripley Ave, RICHMOND - 124642938

Property Description for 305 Ripley Ave, RICHMOND CA 94801

This convenient investment property is located in a quiet, evolving Richmond neighborhood that will soon gain direct ferry service to San Francisco! This property has seven one-bedroom apartments – two of them vacant and recently updated, three leased at market value and three leased below market value – and one studio apartment for a total of eight dwellings. These properties sit on a corner lot with four parking spaces and four half garages. There is a common coin-operated laundry area with washer and dryer hookups, as well as a large shared back yard. Although sellers prefer to sell both fourplexes together, they will consider selling separately. The neighborhood is quiet, and the property is 1031 exchange eligible. Consider making this your income property! Cap Rate calculation pictured in photo roll based on an approximation of value and current income. ANY OFFERS DUE MONDAY 12/17 by 2pm.

  • Property Class: RESIDENTIAL INCOME
  • Listing Status: Active
  • City: RICHMOND
  • State: CA
  • Zip: 94801
  • Area: Richmond - North & West/Parchest - 1705
  • County: Contra Costa
  • Class: Residential Income
  • Property Subtype: FOURPLEX
  • Approx Lot Size: 0.090
  • Baths (F/H): -- / --
  • Living Area (SqFt): 2,102 sqft
  • Lot Sq Ft Apx: 3800
  • Year Built: 1927
  • Listing#: 40847782
  • Special Info: None
  • List Date: 12/7/2018
  • Last updated on: 1/19/2019

Property Features for 305 Ripley Ave, RICHMOND CA 94801

  • Exterior: Stucco
  • Flooring: Other
  • Equipment Additional: Other
  • Heating: Baseboard
  • Lot Description: Regular
  • Yard Description: Back Yard
  • Cooling: Other
  • Laundry: Coin Operated, Common Room, Community Facility
  • Roof: Tar And Gravel, Other
  • Water/Sewer: Water - Public
  • Disabled Features: Other
  • Views: Other

Additional Information for 305 Ripley Ave, RICHMOND CA 94801

  • Basement: Other
  • City Transfer Tax: Yes
  • Equipment Additional: Other
  • Exterior: Stucco
  • Laundry: Coin Operated, Common Room, Community Facility
  • Net Operating Income: 65000
  • Operating Expenses: Other
Courtesy of PERRY GASTIS, BHG RE RELIANCE PARTNERS
Copyright 2019, MAX/EBRD. All Rights Reserved.
Based on information from the Bay East MLS or CCAR MLS or EBRD MLS as of {lastModTS}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Bay East 2016. Copyright CCAR 2016. Copyright EBRD 2016.