NOT LISTED FOR SALE
Studio
-- Bath
8,234 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: March 30, 2022

Last sale price $2,700,000 $328 Per Sq Ft

155 Days on Market

Highlights

  • 0.29 Acre Lot
  • Corner Lot
  • Coin Laundry
  • Traditional Architecture
  • Tile Flooring

About This Home

As of March 2022

Great investment opportunity! Well maintained 16 studio units in Richmond Annex. Rents are ranging from the low of $944 to high of $1,480. Each unit has separate PG&E meter and parking space. Property has on-site coined operated laundry facility and storage rooms. Conveniently located near El Cerrito Plaza, Ranch 99, and shopping and dining areas. Easy access to BART, Highway 80 and 580. Interior pictures were mostly taken during the last vacancies.

Last Agent to Sell the Property

Trent Zhu

Corcoran Icon Properties License #01157382 Listed on: 08/23/2021

Corcoran Icon Properties

Last Buyer's Agent

Trent Zhu

Corcoran Icon Properties License #01157382 Listed on: 08/23/2021

Corcoran Icon Properties
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 12,500 Sq Ft Lot
  • Corner Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 8,234 Sq Ft Home
  • 3-Story Property

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 16 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace

Community Details

  • 16 Units
  • Coin Laundry
  • 16 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 510-142-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Architectural Style: Traditional
  • Property Condition: Varies By Unit
  • Levels: Three
  • Stories: 3
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Varies By Unit
  • Flooring: Carpet, Laminate, Tile, Varies By Unit
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 327.91
  • Square Footage: 8234.00

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Wall Furnace
  • Sewer: Sewer Connected
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 510-142-003
  • Lot Features: Corner
  • Lot Size Acres: 0.2870
  • Lot Size Sq Ft: 12500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 9407665.51

Rental Info

  • Tenant Pays: Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 16

Multi Family

  • Gross Rent Multiplier: 11.35
  • Gross Income Multiplier: 11.685
  • Number of Studio Units: 16
  • Number Of Units Leased: 16
  • Number Studios Occupied: 16
  • Studio Rent Range: $944-$1480

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Mar 23, 2022
Sold by
Bought by
Seller's Agent
Trent Zhu
Corcoran Icon Properties
Buyer's Agent
Trent Zhu
Corcoran Icon Properties
List Price
$2,780,000
Sold Price
$2,700,000
Premium/Discount to List
-$80,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Outstanding Balance
$1,493,439
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,200
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,200
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
7.75%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Richmond Annex, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,700,000 First American Title
-- First American Title
-- None Available
$1,748,000 Chicago Title Company
-- Chicago Title Company
-- None Available
-- --
$805,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,625,000
Previous Owner $1,136,200
Previous Owner $1,450,000
Previous Owner $747,500
Previous Owner $465,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $2,700,000 -10.0% $328 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
12/02/2021 12/02/21 Price Changed $2,999,000 +4.1% $364 / Sq Ft
08/30/2021 08/30/21 Price Changed $2,880,000 +3.6% $350 / Sq Ft
08/23/2021 08/23/21 For Sale $2,780,000 -- $338 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $48,868 $2,922,566 $1,840,134 $1,082,432
2025 $48,868 $2,865,261 $1,804,053 $1,061,208
2024 $46,970 $2,809,080 $1,768,680 $1,040,400
2023 $46,970 $2,754,000 $1,734,000 $1,020,000
2022 $36,685 $2,028,377 $1,448,179 $580,198
2021 $36,461 $1,988,606 $1,419,784 $568,822
2019 $34,417 $1,929,624 $1,377,673 $551,951
2018 $33,334 $1,891,789 $1,350,660 $541,129
2017 $32,864 $1,854,696 $1,324,177 $530,519
2016 $32,756 $1,818,330 $1,298,213 $520,117
2015 $32,824 $1,791,018 $1,278,713 $512,305
2014 $32,741 $1,755,935 $1,253,665 $502,270
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 421587811

San Francisco Association of REALTORS®
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