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.
Pending
$999,995
701 40th St, Richmond, CA 94805
4beds
4baths
2,430sqft
Quadruplex
Built in 1948
-- sqft lot
$972,600 Zestimate®
$412/sqft
$-- HOA
What's special
- 102 days
- 237
- 11
Zillow last checked:
Listing updated:
Listed by:
Doris De Leon DRE #01294590 510-289-5103,
Mardel Realty & Loans Inc.
Source: CCAR,MLS#: 41135209
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: $412/sqft
- Tax assessed value: $1,044,544
- Date on market: 5/18/2026
- Total actual rent: 2002
Estimated market value
$972,600
$924,000 - $1.02M
$3,289/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Pending sale | $999,995$412/sqft |
Source: | ||
| 8/18/2026 | Listing removed | $999,995$412/sqft |
Source: | ||
| 5/19/2026 | Listed for sale | $999,995-8.7%$412/sqft |
Source: | ||
| 10/5/2023 | Listing removed | -- |
Source: | ||
| 7/24/2023 | Listed for sale | $1,095,000$451/sqft |
Source: | ||
| 7/20/2023 | Pending sale | $1,095,000$451/sqft |
Source: | ||
| 6/15/2023 | Listed for sale | $1,095,000$451/sqft |
Source: | ||
| 5/18/2023 | Listing removed | -- |
Source: | ||
| 4/29/2023 | Listed for sale | $1,095,000+13.5%$451/sqft |
Source: | ||
| 12/10/2021 | Sold | $965,000-3.1%$397/sqft |
Source: | ||
| 11/10/2021 | Pending sale | $995,500$410/sqft |
Source: | ||
| 11/1/2021 | Listed for sale | $995,500$410/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment
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Neighborhood: North and East
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