Address
5533 Madison Ave Richmond, CA
Price
$ 1,750,000
Property Attributes
  • ID#40977035
  • TypeBackup
  • CountyCONTRA COSTA
  • CityRichmond
  • AreaRichmond -Annex
  • Zip94804
  • Style5 or More Units
  • Year Built1981
  • Taxes$ 32627
  • Price$ 1,750,000
  • Bedrooms9
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage6101
  • Lot Size9,583 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

Age 41

Exterior Features

Apx Lot Sq Ft 9453
Lot Size Area 0.22

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 Backup Average in 94804

Price
AVG $820K
$1.75M
Taxes
AVG $32,627
$32,627
Visits
AVG 28
16
Year Built
AVG 1989
1981
Walkscore
AVG 47
78
Data Provided by Walkscore ® not using MLS data

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