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For sale
  • $999,995

    701 40th St, Richmond, CA 94805

    4beds
    4baths
    2,430sqft
    : 
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    Multi Family, Quadruplex
    Built in 1948
    -- sqft lot
    $987,300 Zestimate®
    $412/sqft
    $-- HOA

    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.
    57 days
    |
    437
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

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

    Mardel Realty & Loans Inc.

    Source: CCAR,MLS#: 41135209MLS Logo

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      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: Multi Family, 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: $1,024,064
      • Annual tax amount: $19,334
      • Date on market: 5/18/2026
      • Total actual rent: 2002

        Estimated market value

        $987,300

        $938,000 - $1.04M

        $2,510/mo

        Price history

        DateEventPrice
        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
        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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: North and East

        Getting around

        82 / 100
        Very Walkable
        45 / 100
        Some Transit
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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