SOLD 04/16/2024
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Commercial sold for $3,145,000 in 78 days
4143 Fran Way Richmond, CA, 94803
Off the market 5 or More Units
4143-4169 Fran Way, Richmond, positioned on the border of El Sobrante. This premier property comprises 12 townhome-style units with individual garages for each unit. The units features 2 bedrooms and 1.5 baths, caters to a diverse demographic, ensuring broad market appeal. Majority of the units have their own balconies increasing the rent-ability and value. The property is fully stabilized with 100% occupancy with an in-place Cap Rate of 6.17% and produces nearly a 5% cash on cash return day one. With a 10.8 GRM and $261 price per square foot, this investment is one you do not want to miss out. The property's location on the El Sobrante border and provides residents access to the amenities and charm of both Richmond hills and El Sobrante. Investors keen on maximizing returns and unlocking additional value should consider the prospect of condo conversion, turning each unit into a 2bed town-home condo (Buyer to do their own research).
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Property details
12,240 sqft interior area
Land area
31,450 sqft (0.72 acres)
Address
4143 Fran Way, Richmond, CA, 94803
City of California
Richmond
County
Contra Costa
Previous price
$3,195,000
Year Built
1975
Parking Spaces
12
District
Listing
Nearby major retailers
Safeway
T-Mobile
Trader Joe's
Walmart
Supermarket: 4
Mobile phone: 2
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Interior Features
12 parking places, Other floors
Floor Covering
Other
Garage & Parking
Attached, Tandem
Utilities Included
Other Water/Sewer
Other rooms
Other
Amenities
Other
Basement
Other
Listed by
Willem Bos, COMPASS
Name
Willem Bos
License number
02013980
Brokerage company
COMPASS
MLS #
41048716
Buyer agent
Name
Brigitte Schlatter
Brokerage company
Schlatter Associates Inc
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Mortgage
$9,656
Taxes
$0
HOA dues
$0
Mortgage
$629,000 / 20%
2.28%
30 years
Your amount
$9,656 / month
Exterior Features
Other construction and more
Construction
Other
Lot details
—
Lot Description
Other, See Remarks
94803 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94803
40%
Families with children
National average: 39%
27%
Non family households
214,885
Population
$103,562
Average Income
Age & gender
Median age 40 years
More info
Commute types
82% commute by car
More info
Education level
21% have high school education
More info
Number of employees
4% work in education and healthcare
More info
Vehicles available
34% have 2 vehicle
More info
Vehicles by gender
34% have 2 vehicle
More info
Housing market insights for
$680.09k
Neighborhood average
sales price*
sales price*
$685k
Neighborhood median
sales price*
sales price*
285
Number
of sales*
of sales*
Housing type
64% are single detacheds
More info
Rooms
38% of the houses have 4 or 5 rooms
More info
Bedrooms
61% have 2 or 3 bedrooms
More info
Owners vs Renters
67% are owners
More info
13.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 16, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 16, 2024 | Sold | $3,145,000 | 0 | Public Record |
| Apr 16, 2024 | Price Decrease | $3,145,000 -1.56% | 0 | MLS #41048716 |
| Feb 5, 2024 | Pending | $3,195,000 | 0 | MLS #41048716 |
| Jan 30, 2024 | New Listing | $3,195,000 | 0 | MLS #41048716 |
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Frequently Asked Questions about 4143 Fran Way
What is 4143 Fran Way?
4143 Fran Way is a Commercial/Industrial propertywith 12,240 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
4143 Fran Way, Richmond, CA, 94803.
What comparable properties are nearby?
Comparable nearby commercial properties include 147 W Richmond, 815 San Pablo Ave, 13041 San Pablo, 2364 Road 20, 1701 Rumrill Blvd, 3533 Plaza Way.
Based on information from the bridgeMLS as of 04-30-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 17, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Lucky, 1.08 miles away and Grocery Outlet, 1.2 miles away.
The 94803 zip area has a population of 214,885, and 40% of the families have children. The median age is 40.11 years and 82% commute by car. The most popular housing type is "single detached" and 67% is owner.
