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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$900,000

Est. payment - /mo

5,649 Sqft Lot

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Thu Jun 19, 10:00am - 12:00pm

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Iron Triangle

MLS Listing ID 41101466

HOA Y/N No

Year Built 1910

Lot Size 5,649 Sqft

Property Sub-Type Triplex

Property Description

This turnkey Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased, generating $7,800/month in rent—$93,600 annually—and offering an impressive 7%+ cap rate at the current asking price. With low annual maintenance costs (approx. $3,600), this well-maintained gated property is a rare opportunity to secure strong market rents from day one. The property features: - Two spacious 3BD/1BA units in a duplex—one partially remodeled - A charming, remodeled 1BD/1BA detached unit with a large bonus basement - In-unit laundry for all three residences - Secure, gated parking for approximately 4 vehicles - A sizable shared yard, ideal for tenants Conveniently located just 7 minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property also qualifies for special loan programs thanks to its location in an eligible lending area. Whether you're expanding your portfolio or looking for a low-maintenance, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers on value, versatility, and long-term upside.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Flooring Laminate, Tile, Vinyl

Fireplace No

Exterior

Parking Features On Street

Roof Type Shingle

Total Parking Spaces 4

Building

Sewer Public Sewer

Others

Tax ID 5380800309

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Listed by Mark DuBois • Keller Williams Rlty East Bay

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

5Th St Richmond, CA 94801

Jessica Panzica

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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