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$1,225,000
$1,275,000 3.9%
Est. payment /mo
10,018 Sqft Lot
Sold on 06/06/2025
3321 Barrett Ave Richmond, CA 94801-2177
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Key Details
Sold Price $1,225,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41087307
Year Built 1950
Lot Size 10,018 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. 3321 Barrett Ave is a well-maintained 6-unit building built in the 1950s, offering an attractive investment opportunity. The property consists of a four-unit building with four 2-bedroom units, along with a duplex featuring two 1-bedroom units. Each unit offers ample space, with the 2-bedroom units close to 1,000 square feet and the 1-bedroom units just under 800 square feet. On average, each unit spans nearly 900 square feet. The building is separately metered for water, gas, and electricity, which helps keep operating expenses low for the new owner. Currently, the property generates over $10,000 per month with over 30% upside in gross rents and nearly 50% upside in net operating income. Many of the units have been recently updated, including upgrades to electrical panels and windows, while the exterior has been meticulously maintained with freshly paved garage areas and well-kept brick trim. The result is a perfect blend of vintage charm and modern living. The property is also well-equipped for tenants, with six garages and additional off-street parking spaces available. Its prime location in the desirable North & East district of Richmond, California, further enhances its appeal
Location
State CA
County Contra Costa
Interior
Heating Electric
Cooling None
Building
Lot Description Corner Lot
Listed by Jatin Mehta • Kite Hill Real Estate
Bought with Jatin Mehta • Kite Hill Real Estate
Bought with Jatin Mehta • Kite Hill Real Estate
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