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$1,020,000
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Property Description
This isn't just a strong investment opportunity, it could be your new home. This International Style 4-plex in the heart of Richmond with hints of practical Postmodernism, currently has 1 unit vacant. Whether you leverage Fannie Mae's recent lending changes to put 5% down and use 75% of the rental income ($102,000 annually) from the other units towards your qualifying income for the loan when you move in, or you fill the unit at market rate ($2,500) and benefit from it as an investment property, this property is a savvy move for a buy-and-hold investor. It's very clear that property values in Richmond are on the rise (New Ferry terminal to SF) and objective projections for equity appreciation are in the 30-40% range for the years (3-5) ahead. The property income opportunities include a laundry room (currently monitized by lease) 4 storage closets per unit and a carport for 1-2 off-street covered parking spaces per unit. All units are 2 bed 1 bath, and have been remodeled within the last 5 years. A detached 10'X10' Shed onsite opens up other possibilities. BART, shopping and major freeways are all blocks away. Don't let this one pass you by. The opportunity to bet on Richmond and yourself with sweet creamy cash flow on top is right in front of you.
Full Property Details
Full Property Details for 2116 Barrett Ave
General
- Sold For: $1,020,000
- Status: Closed
- Type: Multi-Family
- Source: METROLIST_Cali
- MLS ID: 224088300
- Added to Site: 562 day(s) ago
Rental Information
- Lease/Rent Term: Month To Month
Interior
- Interior Features: Storage Area(s)
- Flooring: Carpet, Laminate
Rooms
Other Rooms
- Laundry: Coin Operated, Washer/Dryer Leased
Exterior
- Exterior Features: Fenced Yard, Yard Space, Play Area
Parking
- Total Spaces: 4
- Parking: Carport, Covered
Location
- Area: Richmond-North & Wes
- County: Contra Costa
- Cross Streets: 21st street
- Driving Directions: Barrett ave and 21st street.
School Information
- School District: Contra Costa
- Elem School District: West Contra Costa Unified
- Midd School District: West Contra Costa Unified
- High School District: West Contra Costa Unified
Heating & Cooling
- Cooling Type: Wall Unit(s), None
- Heating Type: Separate
Utilities
- Sewer: Public Sewer
- Water: Meter Available, Water District, Public
- Utility Description: Natural Gas Connected, City, Electric
Structural Information
- Architectural Style: Two Story Mid-Century
- Construction Status: Updated/Remodeled
- Construction: Stucco, Frame
- Foundation: Raised
- Roof: Tar/Gravel, Flat
- Windows: Dual Pane Full
- Stories/Levels: 2
- Square Feet: 3,575
- Sq. Ft. Source: Assessor Auto-Fill
- Year Built: 1960
Unit Information
- Units in Building: 4
Unit 1
- Bedrooms: 2
Unit 2
- Bedrooms: 2
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Property View: City Lights, Downtown
- Lot Size (Acres): 0.1291
- Lot Size (Sq. Ft.): 5,624
- Lot Dimensions: W Contra Costa
- Irrigation System: None
- Topography: Level
- Zoning: Residential
- Lot Description: Sidewalk
Financial Considerations
- Tenant Pays: Electricity, Gas, Water
Disclosures and Reports
- Special Conditions: None
- APN: 514-110-003-1
Listed by Keller Williams Realty
Sold by Non-MLS Office
Get Pre-Approved Today
Schools
Schools serving 2116 Barrett Ave
School District:West Contra Costa Unified School District
| Name | Grades | Distance |
|---|---|---|
Grant Elementary School, Richmond, CA 2400 Downer Avenue, Richmond, CA 94804 | K-6 | 0.3 mi |
Lovonya Dejean Middle School 3400 Macdonald Avenue, Richmond, CA 94805 | 7-8 | 0.8 mi |
Kennedy High School 4300 Cutting Boulevard, Richmond, CA 94804 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2116 Barrett Ave
Date
Details
Price
Change
Source
1/13/2025
Sold
$1,020,000
13.33%
MLS
10/23/2024
Price Reduced
$899,999
-33.33%
MLS
8/09/2024
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2116 Barrett Avenue, Richmond, CA 94801 (MLS# 224088300) is a Multi-Family property that was sold at $1,020,000 on January 13, 2025. Want to learn more about 2116 Barrett Avenue? Do you have questions about finding other Multi-Family real estate for sale in Richmond View? You can browse all Richmond View real estate or contact a Coldwell Banker agent to request more information.

