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$925,000
41143142 MLS
Exceptional investment opportunity in the heart of Richmond! This well-maintained fourplex features four spacious 2-bedroom, 1-bath units totaling approximately 3,154 square feet, offering immediate income with significant long-term upside. Two units are subject to rent control, while the two upper units are exempt, providing flexibility for future rental growth or owner occupancy. The upper units have been recently refreshed with new interior paint, and the exterior has been freshly painted, allowing the next owner to focus on maximizing returns rather than tackling major renovations. The property is individually metered for PG&E (tenant-paid utilities) and includes a new coin-operated washer and dryer, additional rear storage, and covered parking—desirable amenities that enhance tenant appeal and retention. This property offers excellent value-add potential, making it an attractive opportunity for investors seeking long-term appreciation and increased cash flow, as well as owner-occupants looking to offset their mortgage with rental income. Conveniently located near Highways 80 and 580, shopping, dining, public transportation, and everyday conveniences, this property benefits from strong commuter demand and a highly desirable rental location

2318 Lowell Avenue, Richmond

Listing courtesy of Lisa Gordon from Trust Properties USA, Inc. 925-895-4059

$999,995
41135209 MLS
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.

701 40th St, Richmond

Listing courtesy of Doris De Leon from Mardel Realty & Loans Inc.. 510-289-5103

$1,300,000
41133471 MLS
This property offers a compelling urban infill opportunity combining immediate functionality with long-term redevelopment upside. From a development standpoint, the site is positioned within Richmond's CM-5 / T5 Core (confirmed with City of Richmond) zoning, which supports higher-density mixed-use projects. Based on feasibility analysis, the property may support: ~ Entry-level development scenarios of approximately 4-6 residential units ~ Higher-density mixed-use development potential (up to ~40 units per acre) depending on design, approvals, and city requirements (buyer to verify) Existing auto body infrastructure in place designed for efficient multi-stage workflow (prep, body, paint, finish), supports immediate occupancy or lease-up for an automotive operator. The grandfathered paint booth and supporting systems create an opportunity for near-term income or operational value while preserving future redevelopment optionality.

245 24th St, Richmond

Listing courtesy of Amy Berry from eXp Realty of SoCal, Inc.. 415-793-2258

$1,300,000
41130505 MLS
This offering presents a rare opportunity to acquire a CM-5 (Commercial Mixed-Use - Activity Center) zoned property located within Richmond's T5 Core-Open high-density district, supporting a wide range of uses including residential, commercial, and mixed-use development (buyer to verify). The property is currently improved with a fully built-out, production-grade auto body facility featuring a grandfathered heated downdraft paint booth and integrated infrastructure-a combination that is increasingly difficult to replicate under current environmental and permitting regulations. The site offers immediate usability for an owner-user or tenant, while also providing meaningful long-term redevelopment potential.

245 24th St, Richmond

Listing courtesy of Amy Berry from eXp Realty of SoCal, Inc.. 415-793-2258

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