701 Alamo Ave, Richmond, CA 94801
Local realty services provided by:ERA Excel Realty
701 Alamo Ave,Richmond, CA 94801
$998,000
- - Beds
- - Baths
- 2,928 sq. ft.
- Multi-family
- Active
Listed by:jatin mehta(510) 878-6800
Office:kite hill real estate
MLS#:41116669
Source:CAREIL
Price summary
- Price:$998,000
- Price per sq. ft.:$340.85
About this home
To access marketing package copy/paste: https://bit.ly/kitehillre. 701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $10,000 per month in rent, translating to an annual gross income of $120,000, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space — a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike.
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Home facts
- Year built:1948
- Listing ID #:41116669
- Added:1 day(s) ago
- Updated:November 05, 2025 at 05:25 PM
Rooms and interior
- Living area:2,928 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Year built:1948
- Building area:2,928 sq. ft.
- Lot area:0.11 Acres
Utilities
- Sewer:Sewer - Public
Finances and disclosures
- Price:$998,000
- Price per sq. ft.:$340.85
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