506 Mclaughlin St Richmond, CA 94805
East Richmond NeighborhoodEstimated payment $7,746/month
Highlights
- 3 Car Attached Garage
- Floor Furnace
- 4-minute walk to Tiller Park
About This Home
506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one- bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area. The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income- producing multifamily asset.
Property Details
Home Type
- Multi-Family
Year Built
- 1950
Lot Details
- 5,001 Sq Ft Lot
Parking
- 3 Car Attached Garage
Home Design
- Quadruplex
- Flat Roof Shape
- Concrete Perimeter Foundation
Interior Spaces
- 3,594 Sq Ft Home
- 2-Story Property
- Crawl Space
Utilities
- Floor Furnace
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $1,200
- Insurance Expense $3,749
- Maintenance Expense $2,000
- Manager Expense $5,259
- Utility Expense $2,245
- Trash Expense $2,717
- Operating Expense $39,093
- Gross Income $102,025
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,656 | $631,970 | $131,654 | $500,316 |
| 2025 | $13,656 | $619,579 | $129,073 | $490,506 |
| 2024 | $13,037 | $607,432 | $126,543 | $480,889 |
| 2023 | $13,037 | $595,522 | $124,062 | $471,460 |
| 2022 | $12,707 | $583,846 | $121,630 | $462,216 |
| 2021 | $12,478 | $572,399 | $119,246 | $453,153 |
| 2019 | $11,680 | $555,423 | $115,710 | $439,713 |
| 2018 | $11,242 | $544,534 | $113,442 | $431,092 |
| 2017 | $10,938 | $533,858 | $111,218 | $422,640 |
| 2016 | $10,739 | $523,391 | $109,038 | $414,353 |
| 2015 | $10,387 | $500,000 | $104,100 | $395,900 |
| 2014 | $9,803 | $460,000 | $95,800 | $364,200 |
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 |
|---|---|---|---|---|
| 07/29/2026 07/29/26 | For Sale | $1,200,000 | -- | $334 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $480,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $544,000 | Unknown | |
| Previous Owner | $90,100 | Unknown |
Source: MLSListings
MLS Number: ML82055842
APN: 519-210-013-8
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