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701 Alamo AveRichmond, CA 94801

For Sale

$950,000

Smart Buyer Rebate $9,500

To access marketing package copy/paste: https://bit.ly/kitehillre. 701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $10,000 per month in rent, translating to an annual gross income of $120,000, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space — a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike.

Listed by Jatin Mehta

·

License #02045713

·

Kite Hill Real Estate

·

jat@teamkitehill.com

Last updated December 09, 2025

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Source: bridgeMLS #41116669

Listing Facts

  • TypeMulti-family
  • NeighborhoodShields-Reid
  • Bedrooms10
  • Days on Prevu38
  • Size2,928 sqft
  • Price per sqft$324

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/02/2025
Price Decreased
$950,000
11/11/2025
Status changed to Active
$998,000
11/11/2025
Status changed to Removed from Feed
$998,000
11/04/2025
Listed by Kite Hill Real Estate
$998,000

Property Details for 701 Alamo Ave

Exterior

Construction

  • Number Of Units Total: 4
  • Year Built: 1948
  • Construction Materials: Stucco

Features

  • Fencing: Fenced

Measurements

  • Building Area Total: 2,928
  • Lot Features: Rectangular Lot, Paved
  • Lot Size Acres: 0.11
  • Lot Size Area: 0
  • Lot Size Square Feet: 5,000
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 5612520162

Interior

Features

  • Flooring: Wood

Measurements

  • Living Area: 2,928
  • Living Area Units: Square Feet

Rooms

  • Bedrooms Total: 10

Other

Location

  • Subdivision Name: RICHMOND

Parking

Parking

  • Parking Features: Tandem

Utilities

Equipment

  • Cooling: Other
  • Heating: Natural Gas
  • Has Heating: Yes
  • Utilities: Cable TV, Wired For, Individual Electric Meter, Individual Gas Meter

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 10 bedrooms in this multi-family home at 701 Alamo Ave.

How does 701 Alamo Ave compare to other multi-family homes in Richmond?

This multi-family home is listed 0% below the average price for multi-family homes in Richmond and has been on the market for 22 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,928 sqft.

701 Alamo Ave is a 10-bedroom multi-family home for sale in Richmond CA 94801. Available on Prevu for 38 days at $950,000. This includes a recent price decrease of $48,000. This residence features 2,928 square feet of living space, located in Richmond. The median listing price for multi-family homes in this area is $659,000. Additional amenities include parking. Explore more multi-family home listings in Richmond.

Based on information from bridgeMLS 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.