Richmond, CA 94801,334 Chesley Ave

$840,000

Est. payment /mo

$695,000

20.9%
Est.Price: ?

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334 Chesley Ave Richmond, CA 94801

2,500 Sqft Lot

SOLD DATE : 11/24/2020

Key Details

Sold Price $840,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision North Richmond

MLS Listing ID 40924653

Sold Date 11/24/20

HOA Y/N No

Year Built 2002

Lot Size 2,500 Sqft

Acres 0.0574

Property Description

Built in 2002, this fourplex has had only two owners. Each unit includes a large, private garage, one bedroom and bathroom, full kitchen and exterior deck or patio. Owner-occupy opportunity or an increase of overall rental income with a new tenant. Property has separate gas and electric meters. Owner pays water, sewage and trash. Given age and current care of property, maintenance costs and management needs are low. All rents are current and mirror market value. This is an excellent opportunity for a first-time buyer as well as an investment shift from an unpredictable stock market. Current cash flow is at a 6.7% CAP rate.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Flooring Tile

Fireplace No

Exterior

Garage Garage

Roof Type Shingle

Parking Type Garage

Total Parking Spaces 4

Building

Lot Description Back Yard

Sewer Public Sewer

Others

Tax ID 5611810440

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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California Regional MLS (CRMLS)
Listed by Gary Izard • Independent Rl Est Brokers
Bought with Scott Bui • Alliance Bay Realty

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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