1324 Gaynor Ave, Richmond, CA 94801
- Beds
- 6
- Baths
- 4
- Sqft
- 1,553
- Garage
- Yes
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Overview
This property is priced to SELL. Located at 1324 Gaynor Ave in Richmond, this multifamily property presents a compelling investment opportunity with a list price of $1,050,000, translating to roughly $210,000 per unit and $263 per square foot. Constructed in 1960, the property consists of 4 units + 1 Non conforming unit on a spacious 0.26-acre lot, totaling 4,000 square feet of building area. The asset features a diverse unit mix consisting of (1) 2 bedroom/1-bathroom, (2) 1 bedroom/1-bathroom, (1) Studio Unit, and (1) Studio Unit non conforming. The building is complemented by 2 garage parking spaces + 2 additional driveway parking spots that provide ample and convenient access for residents. From a financial perspective, the property offers a current cap rate of 7.57% and a GRM of 9.1, with a current occupancy rate of 100%. Current scheduled rents total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework. Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Number of bedrooms
- 6
- Number of bathrooms
- 4
- Square feet
- 1,553
- Lot size (acres)
- 0.09
- Year built
- 1960
Interior features
- Laundry
- Common Area
Garage and parking
- Garage parking spaces
- 2
Utilities
- Heating
- Central
- Cooling
- None
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: San Francisco Association of REALTORS MLS MLS®#: 426147156 Last checked: …

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