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
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License #02045713
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Kite Hill Real Estate
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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.
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.