506 Mclaughlin ST, Richmond, CA 94805
- $1,200,000
- 3,594
- SqFt
- List Price
- $1,200,000
- MLS#
- ML82055842
- Zoning
- Multifamily
- Sqft. of Residence
- 3,594
- Lot Size
- 5,000
- Listing Area
- Richmond - North & East
Property Description
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.
Additional Information
- Acres
- 0.11
- Age
- 76
- Cooling System
- Other
- Foundation
- Concrete Perimeter, Crawl Space
- Garage Parking
- Attached Garage
- Heating System
- Floor Furnace, Wall Furnace
- Living Area
- 3,594
- Lot Size
- 5,000
- Neighborhood
- Richmond - North & East
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Special Features
- Other
- Total Number Of Units
- 4
- Unincorporated Yn
- Yes
- Zoning
- Multifamily
Mortgage Calculator
Listing courtesy of Gabriel Manzanares from Compass. 415-634-9634
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