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Image 1 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
Image 2 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
Image 3 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
Image 4 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
Image 5 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
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Image 9 - 305 Ripley Ave, Richmond, California, 94801 - House for sale
Home For Sale In Richmond, California
305 Ripley Ave, Richmond, California, 94801

Home For Sale In Richmond, California

house for sale
Listed: 06/13/24

305 Ripley Ave, Richmond, California, 94801

4 Bed:
2,102 Sq Ft Living Area:
Save
Price
$ 925,000

About This House

Market rate rents in 3 units, plus 1 vacant unit and additional storage income, make 305 Ripley an excellent investment opportunity. Monthly revenue of $6452 translates to a 4.4% 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 to2019 -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 easy580 / 80access and the SF ferry mean you'll attract tenants looking for an easy commute. Pt. Richmond, Pt. Pinole Regional Park, …  Full description

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Iron Triangle Housing & Living

Household Income

Median household income: $61,045
Number of households: 36,716
The average household income in Richmond, CA grew from $57,107 to $61,045 in the past year. This data is an estimate based upon 36,716 households in Richmond, CA.
The chart below presents how household income is distributed in Richmond, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Richmond, CA compared to median property taxes around the country. The prevalent amount of property taxes in Richmond, CA equals $3k+ , which is more than the national average.