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
Property Details
Price:
$1,425,000
MLS #:
41087307
Status:
Active
Baths:
0
Address:
3321 Barrett Ave
Type:
Residential Income
City:
Richmond
Listed Date:
Feb 26, 2025
State:
CA
ZIP:
94801
Lot Size:
10,019 sqft / 0.23 acres (approx)
Year Built:
1950
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Schools
Interior
Cooling
None
Heating
Electric
Exterior
Lot Features
Corner Lot
Parking Spots
6.00
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address3321 Barrett Ave Richmond CA
- CityRichmond
- CountyContra Costa
- Zip Code94801-2177
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3321 Barrett Ave
Richmond, CA
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