Address
5533 Madison Ave Richmond, CA
Price
$ 1,750,000
Property Attributes
  • ID#40977035
  • TypePending
  • CountyCONTRA COSTA
  • CityRichmond
  • Zip94804
  • Style5 or More Units
  • Price$ 1,750,000
  • Bedrooms9
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage6101
  • Lot Size9,453 SqFt
Listing Provided Courtesy Of:
ETHAN BERGER with NAI Northern California.
Data Source:
Contra Costa Association of REALTORS®
Property Description

A prime 7-unit at 5533 Madison Ave in the Richmond Annex bordering El Cerrito, CA. The property consists of five 2-bed, 1-bath units, one 1-bed, 1-bath unit, and one 3- bed, 1-bath unit, each with an individual garage built in 1982. The units are individually metered for PG&E, keeping expenses low, and owned coin-operated laundry machines provide additional income. The owner has made consistent improvements to the property, including new landscaping, new paint, and some renovated units. Additionally, the current rents at the property are on average 38% below market creating tremendous income upside for the new owner.

Price History
1/4/2022 Listed $1,750,000

General Features

Appliances Dryer, Washer, Gas Water Heater
City Richmond
Construction Materials Stucco
Cooling Other
County Contra Costa
Directions Take S 56th St to Madison Ave
Flooring Other
Garage Y/N Yes
Heating Natural Gas
Lot Size Square Feet 9453
Property SubType 5 or More Units
Property Type Commercial Sale
Roof Tar/Gravel
Standard Status Pending
Status Pending Show for Backups
Street Name Madison Ave
Year Built 1981

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 6101

Exterior Features

Lot Features Corner Lot, Other, Back Yard
Lot Size Area 9583.2
Parking Features Garage, Guest, Int Access From Garage, Parking Lot, Space Per Unit - 1, Garage Faces Front, On Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 94804

Price
AVG $610K
$1.75M
Visits
AVG 46
17
Year Built
AVG 1977
1981
Walkscore
AVG 60
78
Data Provided by Walkscore ® not using MLS data

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