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$999,995 Just Listed
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Property Description
Exceptional Multifamily Investment Opportunity - Fully Occupied 4-Plex Near I-80 & BART Discover a rare opportunity to own a fully occupied fourplex in a highly desirable commuter-friendly location with strong rental demand and excellent long-term investment potential. New roof, new exterior paint and new windows. This income-producing multifamily property features four spacious 1-bedroom, 1-bathroom units, making it an ideal addition to any real estate investment portfolio. Conveniently located near Interstate 80, BART, public transportation, schools, shopping centers, restaurants, and downtown amenities, this property attracts quality tenants seeking convenience, accessibility, and comfortable living. Each unit offers functional layouts with updated kitchens, refrigerators, laundry hookups, and ample living space designed for everyday comfort. Tenants also enjoy the convenience of private garage parking plus additional onsite parking, a highly sought-after feature that increases rental appeal and tenant retention. The property has been well maintained, and all units are currently occupied by reliable tenants with a strong history of on-time rent payments, providing immediate and stable cash flow for investors from day one.
Full Property Details
Full Property Details for 701 40th St
General
- Price: $999,995
- Status: Active
- Type: Multi-Family
- Source: MAX
- MLS ID: 41135209
- Updated: 5/19/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Gas Water Heater
- Flooring: Laminate, Tile, Carpet
Exterior
- Exterior Features: Low Maintenance
Parking
- Parking Features: Garage, Off Street, Garage Faces Front
Location
- Area: Listing
- County: Contra Costa
- Subdivision: Central Richmond
- Driving Directions: Left onto Clinton RH onto 40th Street..
Heating & Cooling
- Cooling Type: No Air Conditioning
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meter
Structural Information
- Exterior Const.: Stucco
- Roof: Composition
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.12
- Lot Dimensions: 5227.2
- Lot Features: Corner Lot
- Fencing (Description): Fenced, Wood
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $412
Disclosures and Reports
- Property ID: 5180200122
Listed by Mardel Realty & Loans Inc., Doris De Leon
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Schools
Schools serving 701 40th St
School District:West Contra Costa Unified School District
| Name | Grades | Distance |
|---|---|---|
Wilson Elementary School, Richmond, CA 629 42nd Street, Richmond, CA 94805 | K-6 | 0.1 mi |
Lovonya Dejean Middle School 3400 Macdonald Avenue, Richmond, CA 94805 | 7-8 | 0.7 mi |
Kennedy High School 4300 Cutting Boulevard, Richmond, CA 94804 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 40th St
Date
Details
Price
Change
Source
5/18/2026
Listed
$999,995
3.63%
MLS
12/07/2021
Sold
$965,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 701 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,334
5%
$1,024,064
2%
2023
$18,474
—
$1,003,986
2%
2023
$18,474
2%
$984,300
2%
2022
$18,082
76%
$965,000
126%
2021
$10,264
4%
$426,470
1%
2020
$9,831
3%
$422,098
2%
2019
$9,588
4%
$413,823
2%
2018
$9,216
3%
$405,710
2%
2017
$8,947
2%
$397,756
2%
2016
$8,755
2%
$389,957
2%
2015
$8,623
4%
$384,100
7%
2014
$8,260
33%
$360,000
64%
2013
$6,201
—
$220,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 701 40th St
701 40th St, Richmond, CA 94805 (MLS# 41135209) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 701 40th St is currently listed for $999,995 and was received on May 18, 2026. Want to learn more about 701 40th St? Do you have questions about finding other Multi-Family real estate for sale in Richmond? You can browse all Richmond real estate or contact a Coldwell Banker agent to request more information.

