4 months on rocket

305 Ripley Ave, Richmond, CA, 94801

$895,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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305 Ripley Ave, Richmond$895,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned, On Street
Year Built1927
HeatingElectric, Wall Furnace
MLS #41061968
Lot Size0.09 Acres
StatusActive

About 305 Ripley Ave

Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6520 translates to a 4.6% cap rate - an enticing option in this market. Professional property management ensures that the rents are current and that the available increases have been applied to existing tenants. Maintenance records are available back to 2019 - responsive owners have made necessary repairs. The vacant unit was updated in 2019 and the others have been refreshed between tenants. It's just minutes to downtown Richmond transit options and Kaiser Richmond. That, plus easy 580 / 80 access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, and downtown Richmond offer cultural, recreation, and dining options, broadening the property's appeal. How often do you find an income property where you won't be waiting years to realize your income potential? Or where you can review the maintenance records to better understand your potential outlays? Or where the transit and lifestyle options ensure a steady stream of tenants? Whether you will realize your investment from all 4 units or make the vacant unit your home, this is the investment you've been hoping to find.

Property Details

Property Features

Property Information:

  • Year Built: 1927

Listing Office:

  • Office Name: Abio Properties
  • Office Phone: (888) 400-2246
  • Listing Agent: Elisabeth Watson

Interior Features

Interior Information:

  • Flooring Type: Tile

Exterior Features

Parking Information:

  • Parking: Assigned, On Street

Lot Features

Lot Information:

  • Lot: Back Yard, Garden
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Electric, Wall Furnace

School Info

Assigned Schools Information:

  • Richmond High School, Public District Grades 9-12
  • Middle College High School, Public District Grades 9-12
  • Helms Middle School, Public District Grades 7-8
  • Peres Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Barrett to 3rd to Ripley Cross Street: 3rd St..

Price Information

Listing Price Info

Price Summary:

  • List Price: $895,000
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Housing Market Comparison

See how this home compares to others in Richmond, CA.

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Richmond, CA

City

Med. Sold Price

$640K

Med. Price/SqFt

$508

Avg. Days On Market

32

# of Sold Homes

51

305 Ripley Ave vs Richmond

122 DAYS ON ROCKET

+90 Days

$895,000

+$254.9K More

KEY TAKEAWAY

This property is $254.9K more than the Median Sold Price in Richmond, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41061968

Listing Office:

  • Office Name: Abio Properties
  • Office Phone: (888) 400-2246
  • Listing Agent: Elisabeth Watson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/5/2024, 7:24:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,534

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,750

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-283552
2
/10

  • Peres Elementary School

  • 719 5th St

  • 0.22 miles

  • Public District Grades KG-6

Middle School

school-card-donut-283553
2
/10

  • Helms Middle School

  • 2500 Road 20

  • 2.13 miles

  • Public District Grades 7-8

High School

school-card-donut-283554
3
/10

  • Richmond High School

  • 1250 23rd St

  • 1.30 miles

  • Public District Grades 9-12

school-card-donut-283555
10
/10

  • Middle College High School

  • 2600 Mission Bell Dr

  • 2.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,424. Typical income of Richmond, CA residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Contra Costa County›Richmond›94801›305 Ripley Ave

This home is located at 305 Ripley Ave in Richmond, CA and zip code 94801 in the Richmond Villa neighborhood. This home, which was built in 1927, sits on a 0.09 acre lot. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $895,000.

In September 2024, from all listings sold in Richmond, CA there were more than 27 sold above asking price, over 12 sold below and more than 8 were sold right at the asked price. In September 2024 in Richmond, CA there were 3.1% more homes for sale than in August 2024. While the average time on the market in September 2024 was 32 days, the median list price was $640,055.

From Rocket Homes Real Estate and based on county public records data.

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