SOLD 05/06/2022
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Commercial sold for $1,720,000 in 124 days
5533 Madison Ave Richmond, CA, 94804
Off the market 5 or More Units
A prime 7-unit at 5533 Madison Ave in the Richmond Annex bordering El Cerrito, CA. The property consists of five 2-bed, 1-bath units, one 1-bed, 1-bath unit, and one 3- bed, 1-bath unit, each with an individual garage built in 1982. The units are individually metered for PG&E, keeping expenses low, and owned coin-operated laundry machines provide additional income. The owner has made consistent improvements to the property, including new landscaping, new paint, and some renovated units. Additionally, the current rents at the property are on average 38% below market creating tremendous income upside for the new owner.
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Property details
6,101 sqft interior area
Land area
9,453 sqft (0.22 acres)
Address
5533 Madison Ave, Richmond, CA, 94804
City of California
Richmond
County
Contra Costa
Previous price
$1,750,000
Year Built
1981
District
Richmond -annex
Nearby major retailers
Costco
MetroPCS
Trader Joe's
7-Eleven
Verizon Wireless
Supercuts
Petco
Apple Store
T-Mobile
AT&T
GNC
Ross
Safeway
CVS Pharmacy
Whole Foods Market
Chevron Food Mart
Shell
Dollar Tree
Walmart
Amazon 4-star
Pet Food Express
Toyota
O'Reilly auto parts
Wholesale: 1
Mobile phone: 8
Supermarket: 7
Convenience: 6
Hairdresser: 2
Pet: 2
Electronics: 1
Nutrition supplements: 1
Department store: 2
Chemist: 2
Variety store: 1
Car repair: 1
Car parts: 1
Car: 1
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Interior Features
Other floors
Floor Covering
Other
Garage & Parking
Garage, Guest, Int Access From Garage, Parking Lot, Space Per Unit - 1, Garage Faces Front, On Street
Utilities Included
Water/Sewer Meter on Site, Sewer Connected, Individual Electric Meter, Individual Gas Meter
Appliances
Dryer, Washer, Gas Water Heater
Basement
None
Listed by
Ethan Berger, NAI Northern California
Name
Ethan Berger
License number
01868467
Brokerage company
NAI Northern California
MLS #
40977035
Buyer agent
Name
Grant Chappell
Brokerage company
NAI Northern California
Payment calculator
Calculate your monthly payments
Mortgage
$5,281
Taxes
$0
HOA dues
$0
Mortgage
$344,000 / 20%
2.28%
30 years
Your amount
$5,281 / month
Exterior Features
Stucco construction and more
Construction
Stucco
Lot details
TMK #5091800242
Lot Description
Corner Lot, Other, Back Yard
Parcel nr.
5091800242
94804 info
Essentials nearby
Neighborhood stats
Coffee shops
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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 94804
47%
Families with children
National average: 39%
34%
Non family households
219,246
Population
$124,571
Average Income
Age & gender
Median age 37 years
More info
Commute types
66% commute by car
More info
Education level
21% have bachelor education
More info
Number of employees
4% work in education and healthcare
More info
Vehicles available
40% have 1 vehicle
More info
Vehicles by gender
40% have 1 vehicle
More info
Housing market insights for
$973.41k
Neighborhood average
sales price*
sales price*
$817.67k
Neighborhood median
sales price*
sales price*
353
Number
of sales*
of sales*
Housing type
57% are single detacheds
More info
Rooms
49% of the houses have 4 or 5 rooms
More info
Bedrooms
71% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are owners
More info
Schools
15 schools with rating up to 5
| School rating | Distance | |
|---|---|---|
| out of 10 |
Stege Elementary School
4949 Cypress Avenue,
Richmond, CA 94804
Elementary School |
0.369mi |
| out of 10 |
Manzanita Middle School
461 33rd Street,
Richmond, CA 94806
Middle School |
0.573mi |
| out of 10 |
Kennedy High School
4300 Cutting Boulevard,
Richmond, CA 94804
High School |
0.806mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Stege Elementary School
4949 Cypress Avenue,
Richmond, CA 94804
|
0.369mi |
| out of 10 |
Caliber Beta Academy
4301 Berk Avenue,
Richmond, CA 94804
|
0.748mi |
| out of 10 |
King Elementary School
4022 Florida Ave,
Richmond, CA 94804
|
1.148mi |
| out of 10 |
Mira Vista Elementary School
6397 Hazel Avenue,
Richmond, CA 94805
|
1.522mi |
|
Arlington Christian School
6382 Arlington Boulevard,
Richmond, CA 94805
|
1.595mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Manzanita Middle School
461 33rd Street,
Richmond, CA 94806
|
0.573mi |
| out of 10 |
Caliber Beta Academy
4301 Berk Avenue,
Richmond, CA 94804
|
0.748mi |
| out of 10 |
Lovonya Dejean Middle School
3400 Macdonald Avenue,
Richmond, CA 94805
|
1.509mi |
| out of 10 |
Mira Vista Elementary School
6397 Hazel Avenue,
Richmond, CA 94805
|
1.522mi |
|
Arlington Christian School
6382 Arlington Boulevard,
Richmond, CA 94805
|
1.595mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kennedy High School
4300 Cutting Boulevard,
Richmond, CA 94804
|
0.806mi |
|
Arlington Christian School
6382 Arlington Boulevard,
Richmond, CA 94805
|
1.595mi | |
|
Family Christian Academy
160 Broadway,
Richmond, CA 94804
|
1.886mi | |
|
West County Community High
777 Sonoma St.,
Richmond, CA 94805
|
1.907mi | |
|
King's Academy
5500 Esmond Avenue,
Richmond, CA 94805
|
2.052mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold May 6, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 6, 2022 | Sold | $1,720,000 | 0 | Public Record |
| May 6, 2022 | Price Decrease | $1,720,000 -1.71% | 0 | MLS #40977035 |
| Mar 3, 2022 | Pending | $1,750,000 | 0 | MLS #40977035 |
| Feb 4, 2022 | For sale | $1,750,000 | 0 | MLS #40977035 |
| Jan 12, 2022 | Under contract | $1,750,000 | 0 | MLS #40977035 |
| Jan 3, 2022 | New Listing | $1,750,000 | 0 | MLS #40977035 |
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Frequently Asked Questions about 5533 Madison Ave
What is 5533 Madison Ave?
5533 Madison Ave is a Commercial/Industrial propertywith 6,101 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
5533 Madison Ave, Richmond, CA, 94804.
What comparable properties are nearby?
Comparable nearby commercial properties include 470 42nd St, 353 24th St, 500 22nd St, 12989 San Pablo Ave, 845 S 23rd, 116 W Barrett.
Based on information from the bridgeMLS as of 04-26-2024. 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: May 09, 2022
Verhouse Last checked 4 minutes ago
The closest grocery stores are Safeway, 0.29 miles away and Yaoya-san, 0.69 miles away.
The 94804 zip area has a population of 219,246, and 47% of the families have children. The median age is 37.02 years and 66% commute by car. The most popular housing type is "single detached" and 51% is owner.
