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Sold for $990,000
  • $990,000

    701 40th St, Richmond, CA 94805

    4beds
    4baths
    2,430sqft
    Quadruplex
    Built in 1948
    -- sqft lot
    $983,400 Zestimate®
    $407/sqft
    $2,736 Estimated rent

    Home value

    $983,400

    $885,000 - $1.09M

    $2,736/mo

    Zestimate® history
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    What's special

    Exceptional Multifamily Investment Opportunity – Fully Occupied 4-Plex Near I-80 & BART Discover a rare opportunity to own a fully occupied fourplex in a highly desirable commuter-friendly location with strong rental demand and excellent long-term investment potential. New roof, new exterior paint and new windows. This income-producing multifamily property features four spacious 1-bedroom, 1-bathroom units, making it an ideal addition to any real estate investment portfolio. Conveniently located near Interstate 80, BART, public transportation, schools, shopping centers, restaurants, and downtown amenities, this property attracts quality tenants seeking convenience, accessibility, and comfortable living. Each unit offers functional layouts with updated kitchens, refrigerators, laundry hookups, and ample living space designed for everyday comfort. Tenants also enjoy the convenience of private garage parking plus additional onsite parking, a highly sought-after feature that increases rental appeal and tenant retention. The property has been well maintained, and all units are currently occupied by reliable tenants with a strong history of on-time rent payments, providing immediate and stable cash flow for investors from day one.

    Zillow last checked:

    Listing updated:

    Listed by:

    Doris De Leon DRE #01294590 510-289-5103,

    Mardel Realty & Loans Inc.

    Bought with:

    Shalene Rose, DRE #01505455

    Corcoran Icon Properties

    Source: CCAR,MLS#: 41135209MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • No Air Conditioning
    Appliances
    • Included: Gas Water Heater
    Features
    • Flooring: Laminate, Tile, Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 2,430
    • Total interior livable area: 2,430 sqft

    Property

    Parking
    • Parking features: Garage, Off Street, Garage Faces Front
    • Has garage: Yes
    Features
    • Fencing: Fenced,Wood
    Lot
    • Size: 5,227 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 5180200122
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Individual Electric Meter

    Community & HOA

    Community
    • Features: None
    • Subdivision: Central Richmond
    HOA
    • Has HOA: No
    Location
    • Region: Richmond

    Financial & listing details

    • Price per square foot: $407/sqft
    • Tax assessed value: $1,044,544
    • Date on market: 5/18/2026
    • Total actual rent: 2002

    Price history

    DateEventPrice
    9/2/2026Sold$990,000-1%$407/sqft
    Source: CCAR #41135209 Report a problem
    8/20/2026Pending sale$999,995$412/sqft
    Source: CCAR #41135209 Report a problem
    8/18/2026Listing removed$999,995$412/sqft
    Source: CCAR #41135209 Report a problem
    5/19/2026Listed for sale$999,995-8.7%$412/sqft
    Source: CCAR #41135209 Report a problem
    10/5/2023Listing removed--
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    7/24/2023Listed for sale$1,095,000$451/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    7/20/2023Pending sale$1,095,000$451/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    6/15/2023Listed for sale$1,095,000$451/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    5/18/2023Listing removed--
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    4/29/2023Listed for sale$1,095,000+13.5%$451/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #41025715 Report a problem
    12/10/2021Sold$965,000-3.1%$397/sqft
    Source: CCAR #40972901 Report a problem
    11/10/2021Pending sale$995,500$410/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #40972901 Report a problem
    11/1/2021Listed for sale$995,500$410/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #40972901 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $1,044,544 +2%
    2025$19,334 +1.8%$1,024,064 +2%
    2024$18,996 +2.8%$1,003,986 +2%
    2023$18,474 +2.2%$984,300 +2%
    2022$18,082 +76.2%$965,000 +126.3%
    2021$10,264 +4.4%$426,470 +1%
    2020$9,831 +2.5%$422,098 +2%
    2019$9,588 +4%$413,823 +2%
    2018$9,216 +3%$405,710 +2%
    2017$8,947 +2.2%$397,756 +2%
    2016$8,755 +6%$389,957 +1.5%
    2015$8,260 $384,100 +6.7%
    2014$8,260 $360,000 +63.6%
    2013-- $220,000
    2012-- $220,000 -17.9%
    2011-- $268,000 -4.3%
    2010-- $280,000 -21.9%
    2009-- $358,481 +2%
    2008-- $351,453 +2%
    2007-- $344,563 +2%
    2006-- $337,808 +2%
    2005-- $331,186 +2%
    2004-- $324,693 +1.9%
    2003-- $318,743 +2%
    2002-- $312,494 +11.6%
    2001-- $280,000
    Find assessor info on the county website

    Neighborhood: North and East

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $983,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $983,400