701 40th St Richmond, CA 94805
North & East NeighborhoodEstimated payment $7,060/month
Highlights
- Corner Lot
- Tile Flooring
- Wall Furnace
- No HOA
- Garage
- 3-minute walk to Solano Playlot
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 5,000 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Composition Roof
- Stucco
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Garage
- Front Facing Garage
- Off-Street Parking
Utilities
- Wall Furnace
- Gas Water Heater
Community Details
- No Home Owners Association
- 4 Units
- Central Richmond Subdivision
Listing and Financial Details
- Assessor Parcel Number 5180200122
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 | $19,334 | $1,044,544 | $649,458 | $395,086 |
| 2025 | $19,334 | $1,024,064 | $636,724 | $387,340 |
| 2024 | $18,474 | $1,003,986 | $624,240 | $379,746 |
| 2023 | $18,474 | $984,300 | $612,000 | $372,300 |
| 2022 | $18,082 | $965,000 | $600,000 | $365,000 |
| 2021 | $10,264 | $426,470 | $150,654 | $275,816 |
| 2019 | $9,588 | $413,823 | $146,187 | $267,636 |
| 2018 | $9,216 | $405,710 | $143,321 | $262,389 |
| 2017 | $8,947 | $397,756 | $140,511 | $257,245 |
| 2016 | $8,755 | $389,957 | $137,756 | $252,201 |
| 2015 | $8,623 | $384,100 | $135,687 | $248,413 |
| 2014 | $8,260 | $360,000 | $127,100 | $232,900 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | For Sale | $999,995 | +3.6% | $412 / Sq Ft | |
| 02/04/2025 02/04/25 | Off Market | $965,000 | -- | -- | |
| 12/10/2021 12/10/21 | Sold | $965,000 | -3.1% | $397 / Sq Ft | View Prior Sale |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- | |
| 11/01/2021 11/01/21 | For Sale | $995,500 | -- | $410 / 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 | $965,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Mortgage Information Svcs In | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company |
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 | $366,000 | New Conventional | |
| Previous Owner | $455,000 | Negative Amortization |
Source: Contra Costa Association of REALTORS®
MLS Number: 41135209
APN: 518-020-012-2
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