NOT LISTED FOR SALE

Estimated Value: $751,042 - $914,000

8 Beds
4 Baths
3,004 Sq Ft
$280/Sq Ft Est. Value

Last Sold August 20, 2024

Last sale price $785,000 $261 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,828/month

8 Days on Market

Highlights

  • No HOA
  • Zoned Heating and Cooling
  • Rectangular Lot
  • 8 Car Attached Garage
  • Outdoor Storage
  • Fenced

About This Home

As of August 2024

145 5th St. in Richmond, CA consists of four large 2-bed, 1-bath units, each with an individual garage, driveway parking, and spacious backyard. The units are individually metered for PG&E and feature Vinyl & Carpet Floors, Dual Pane Windows, and Zoned Central Air Cooling, Forced Air Heating. This property offers high day-1 cash flow and a high Market Cash-on-Cash Return at 8.98%. It resides in a prime Bay Area location, with Richmond being a highly sought after city to live in boasting a total population of 114,300. The ever increasing desire for people to live here consistently drives up rent prices, making this a perfect long or short term hold opportunity for investors. 145 5th St. is uniquely nestled between major points of interest such as the Richmond Ferry Terminal, Kennedy High School, Multiple BART Stations, Costco, Point Isabel, Safeway, Target, and other major retailers and local restaurants.

Last Agent to Sell the Property

Ethan Berger

Nai Northern California License #01868467 Listed on: 07/15/2024

Nai Northern California

Last Buyer's Agent

Dulce Garcia De Sainz

Corcoran Icon Properties License #01517035

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,639 Sq Ft Lot
  • Fenced
  • Rectangular Lot
  • Back Yard

Parking

  • 8 Car Attached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Storage

Utilities

  • Zoned Heating and Cooling
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 3,004 Sq Ft Building
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,639 Sq Ft Lot

Listing Details

  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Directions: 145 5th Ave. & Chanslor Ave.
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Carpet
  • Basement: None
  • Appliances: Gas Water Heater
  • Total Bedrooms: 8
  • Interior Amenities: Storage
  • Window Features: Window Coverings

Exterior Features

  • Fencing: Fenced
  • Lot Features: Regular, Back Yard
  • Construction Type: Stucco, Frame
  • Exterior Features: Back Yard, Storage Area

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Space Per Unit - 2, Private
  • Total Parking Spaces: 8

Utilities

  • Heating: Zoned
  • Utilities: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • Cooling: Zoned
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5639
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Aug 15, 2024
Sold by
Diva Investments Llc
Bought by
Hernandez Rafael and Hernandez Maria Mendoza
Seller's Agent
Ethan Berger
Nai Northern California
Buyer's Agent
Dulce Garcia De Sainz
Corcoran Icon Properties
List Price
$849,000
Sold Price
$785,000
Premium/Discount to List
-$64,000
-7.54%
Views
8
Current Estimated Value
$841,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,511
Avg. Annual Appreciation
4.44%
Original Mortgage
$588,750
Outstanding Balance
$582,189
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$259,322

Purchase Details

Closed on
Mar 8, 2016
Sold by
Saechao Kaochiem and Saechao Fahmveun
Bought by
Diva Investments Llc

Purchase Details

Closed on
Oct 11, 2005
Sold by
Saechao Kaochiem
Bought by
Saechao Kaochiem and Saechao Fahmneun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.63%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 18, 1994
Sold by
Vu Chan D and Vu Oanh Kim
Bought by
Saechao Kaochiem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
2.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Rafael $785,000 Chicago Title
Diva Investments Llc $430,000 Old Republic Title Company
Saechao Kaochiem -- Fidelity National Title Co
Saechao Kaochiem $159,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Rafael $588,750
Previous Owner Saechao Kaochiem $410,000
Previous Owner Saechao Kaochiem $119,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $785,000 -- --
08/20/2024 08/20/24 Sold $785,000 -7.5% $261 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $849,000 -- $283 / Sq Ft
Source: bridgeMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,970 $785,000 $400,000 $385,000
2024 $11,485 $499,045 $168,282 $330,763
2023 $11,485 $489,261 $164,983 $324,278
2022 $11,172 $479,669 $161,749 $317,920
2021 $10,945 $470,265 $158,578 $311,687
2019 $10,232 $456,319 $153,875 $302,444
2018 $9,840 $447,372 $150,858 $296,514
2017 $9,561 $438,600 $147,900 $290,700
2016 $6,457 $225,584 $56,745 $168,839
2015 $6,318 $222,196 $55,893 $166,303
2014 $6,228 $217,845 $54,799 $163,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41066523

bridgeMLS

APN: 538-310-008-7

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