5801 Madison Avenue

Richmond, CA 94804

$1,099,950
Price
Beds
2,714 Sq. Ft.
$405 / Sq. Ft.
2,714
Sq. Ft.
$405
per Sq. Ft.

Description

Welcome to one of the best investment opportunities on the market! This quality four-plex features, you've guessed it, FOUR outstanding one-bed, one-bath units, each with its own gas and electric meters. Located down the street from El Cerrito City Hall, this property sits at a prime, yet quiet location, with easy access to shops, restaurants, freeways, and public transportation...an excellent attraction for great tenants. Whether you want to own your first investment property or you are a seasoned...Welcome to one of the best investment opportunities on the market! This quality four-plex features, you've guessed it, FOUR outstanding one-bed, one-bath units, each with its own gas and electric meters. Located down the street from El Cerrito City Hall, this property sits at a prime, yet quiet location, with easy access to shops, restaurants, freeways, and public transportation...an excellent attraction for great tenants. Whether you want to own your first investment property or you are a seasoned investor wanting to add another quality property to your portfolio, this is the right choice for you. Make this incredible four-plex yours today!
  1. Listed by Alana Lam • DRE #01049403 • Brokerage DRE #01354442 • Intero Real Estate Services • 408-981-6012

Property Details for 5801 Madison Avenue

MLS City Name
RICHMOND
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
6
Cross Street
San Pablo Ave
LISTING UPDATED: 11/12/2024 12:50 PM

Property Details for 5801 Madison Avenue

StatusActive
MLS #ML81986273
Days on Compass4
Taxes$20,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1944
Lot Size0.13 AC / 5,770 SF
CountyContra Costa County

Building Information for 5801 Madison Avenue

Stories2Residences4Year Built1944Building Size-Lot Size0.13 AC / 5,770 SF

Property Information for 5801 Madison Avenue

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Appliances - Vary by Unit, Countertop - Granite, Hookups - Gas, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2714
  • Pool: No
  • Security Features: Window Bars
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Individual Water Meter, Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Richmond -Annex
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 5801
  • Street Name: Madison
  • Street Suffix: Avenue
  • Area ID: 1708
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2714
  • Structure SqFt Source: Assessor
  • Age: 80
Development Information
  • Construction Type: Wood
  • Zoning Detail: r2
Location Information
  • Parcel Number: 509-090-011-8
  • County Name: Contra Costa
  • City Name: RICHMOND
  • City Postal ID: 164
  • Postal Code: 94804
  • Elementary School District: 2096
  • High School District Text: West Contra Costa Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .13
  • Lot Description: Paved
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Fenced, Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $20,271
  • Building Unit Total: 4
  • Capitalization Rate: 1.40
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $2,370
  • Expense Landscape: $0
  • Expense Maintenance: $500
  • Expense Management: $0
  • Expense Trash: $2,228
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $25,369
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Repair
  • Gross Rent Multiplier: 25.60
  • Income Annual Gross: $40,812
  • Income Annual Rental: $42,960
  • Income Gross Scheduled: $42,960
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,150
Unit 2 Information
  • Unit 2 Approx Square Footage: 678
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,200
Unit 3 Information
  • Unit 3 Approx Square Footage: 14
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Approx Square Footage: 19
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,230
Unit Type 1
  • Unit Type1 Approx SqFt: 678

Property History for 5801 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5801 Madison Avenue

Taxable ValueLand$364,140Additions$728,280Total$1,092,420
Tax Record2024$20,272 ($1,689 / month)
Home Facts
Total Finished SqFt2,714 SqFtAbove Grade Finished SqFt2,714 SqFtStories1Lot Size5,770 SqFtStyleQuadraplexYear Built1944Year Renovated1974CountyCONTRA COSTAAPN509-090-011-8

Schools near 5801 Madison Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Fairmont Elementary School
PublicK to 6

Fred T. Korematsu Middle School
Public7 to 8

El Cerrito Senior High School
Public9 to 12

John Henry High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5801 Madison Avenue is a multi-family home for sale in Richmond, CA 94804. This property was listed for sale on November 10, 2024 by Intero Real Estate Services, it's currently listed at $1,099,950. It has been on the market for a total of 4 days and was last sold on August 11, 2021. This listing's school district is West Contra Costa Unified School District. Nearby schools include Fairmont Elementary School, Fred T. Korematsu Middle School and El Cerrito Senior High School. 5801 Madison Avenue is a 0-bed, 0-bath, 2,714 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Alana Lam, DRE #01049403

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.