1003 1011 Lassen St, Richmond, CA, CA 94805

$750,000

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List Price
$750,000
Status
ACTIVE
MLS#
41136559
County
Contra Costa
Year Built
1952
Square Feet
4,800
Days on Market
62
Property Type
Multifamily
Neighborhood
Richmond Heights

Property Description

Exceptional duplex opportunity in Richmond offering the perfect blend of investment potential, owner-occupant flexibility, and long-term value. This well-maintained property features two separate 2-bedroom, 1-bathroom units, each with its own private entrance, garage, laundry area, and spacious backyard, creating a highly desirable living arrangement for both tenants and homeowners. One unit is currently tenant-occupied, providing immediate rental income, while the vacant unit has been tastefully updated and is move-in ready. Recent improvements include luxury vinyl plank flooring throughout most of the home, tile flooring in the bathroom, and an upgraded kitchen featuring solid-surface countertops, a gas cooktop, range hood, and refrigerator. Each garage is equipped with a 220V outlet, providing added convenience for electric vehicle charging, workshop equipment, or future needs. The practical duplex layout offers excellent separation between units, enhancing privacy and tenant appeal. Large private backyards provide abundant outdoor space for entertaining, gardening, pets or recreation. Whether you're an investor seeking strong rental demand or a buyer looking to live in one unit while generating income from the other, this property offers multiple paths to ownership success. Richmond continues to attract buyers and investors seeking value, accessibility, and growth potential throughout the Bay Area. Ideally located with quick access to I-80, Richmond Parkway, BART, ferry service, shopping centers, restaurants, parks, schools, and major commuter routes, this property offers convenient access to Berkeley, Oakland, San Francisco, Marin County, and beyond. With immediate income potential, desirable unit amenities, private outdoor spaces, dedicated garages, and a flexible owner-user or investment strategy, this duplex presents a rare opportunity to acquire a versatile income-producing property in one of Richmond's increasingly sought-after residential neighborhoods.

Additional Information

Parcel Number
5230120122
Operating Expense
12082
Net Operating Income
$43,918
Lot Features
Corner Lot
Appliances
Gas Water Heater
Heat
Wall Furnace
Cooling
Yes
View
Canyon, Hills, Mountain(s)
Exterior Construction
Stucco
Roof
Shingle

Listing courtesy of Listing Agent: Min Zhao (AskPonytail@gmail.com) from Listing Office: KW Advisors East Bay.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.