$3,450,000

4140 Fran Way Richmond, CA 94803

May Valley Neighborhood

Estimated payment $22,725/month

Total Views 12,436
22 Beds
-- Bath
9,790 Sq Ft
$352 Price per Sq Ft

Highlights

  • 0.45 Acre Lot
  • View of Hills
  • 12 Car Garage

About This Home

4140 Fran Way Condominiums offers a unique opportunity to acquire a complete 12-unit complex in Richmond/El Sobrante, close to major retailers. Each updated unit includes in-unit laundry, private balconies, and a 1-car garage, attracting tenants and buyers. Converted from a multifamily building in 2018, the property allows for future value appreciation and individual unit sales. The established Homeowner's Association ensures easy management. Nearby retailers include Walmart, Target, and Grocery Outlet, and future developments from the Hilltop Horizon Specific Plan will further enhance the area. Investors can take advantage of flexible financing options, and this turnkey asset promises both immediate cash flow and long-term appreciation in a high-demand market.

Listing Agent

Brandon Tran

Fifty Hills Real Estate License #01926337 Listed on: 10/10/2024

Co-Listing Agent

Theodore Wong

Compass License #02016737

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Parking

  • 12 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 9,790 Sq Ft Home
  • 2-Story Property
  • Views of Hills

Additional Features

  • 0.45 Acre Lot
  • Separate Meters

Community Details

  • 12 Units
  • 12 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 425-262-001-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Levels: Two
  • Year Built: 1977
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 12
  • Flooring: Varies By Unit
  • Price Per Square Foot: 352.40
  • Square Footage: 9790.00

Exterior Features

  • Roof: Composition
  • View: Hills

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public

Association/Amenities

  • Association Features: Varies By Unit

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Fee Information

  • Utilities Expenses: 26920

Lot Info

  • Assessor Parcel Number: 425-262-001-0
  • Lot Features: Curb(s), None
  • Lot Size Acres: 0.4500
  • Lot Size Sq Ft: 19602.00
  • Lot Size Units: SqFt
  • Price Per Acre: 7666666.67

Building Info

  • Number of Units Total: 12

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 10.96
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 10
  • Number of 2 Bedroom Units: 10
  • Number Of Units Leased: 12
  • Separate Meters: Common Area Meter, Electricity

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $3,450,000 -5.5% $352 / Sq Ft
02/04/2025 02/04/25 Price Changed $3,650,000 -2.7% $373 / Sq Ft
02/01/2025 02/01/25 For Sale $3,750,000 0.0% $383 / Sq Ft
01/31/2025 01/31/25 Off Market $3,750,000 -- --
10/10/2024 10/10/24 For Sale $3,750,000 -- $383 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424072615

San Francisco Association of REALTORS® MLS

California Contra Costa County Richmond 94803 May Valley

4140 Fran Way, Richmond, CA

This home is located at 4140 Fran Way, Richmond, CA 94803 and is currently priced at $3,450,000, approximately $352 per square foot. This property was built in 1977. 4140 Fran Way is a home located in Contra Costa County with nearby schools including Murphy Elementary School, Betty Reid Soskin Middle School, and De Anza Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Listing Agent
Brandon Tran
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Fifty Hills Real Estate
(341) 218-2606