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Priced To Sell - 5 Unit Building 1324 Gaynor Ave 5 Unit Apartment Building $1,315,950 CAD ($263,190 CAD/Unit) 8.50% Cap Rate Richmond, CA 94801
Investment Highlights
- Fully Occupied
- Maximized Rental Income
- Turnkey
- 2 Storage structures are included in the sale.
Executive Summary
THIS PROPERTY IS PRICED TO SELL. Located at 1324 Gaynor Ave in Richmond, this multifamily property presents a compelling investment opportunity with a list price of $950,000, translating to roughly $190,000 per unit and $237.5 per square foot. Constructed in 1960, the property consists of 4 units + 1 Non conforming unit on a spacious 0.26-acre lot, totaling 4,000 square feet of building area. The asset features a diverse unit mix consisting of all market rents (1) 2 bedroom/1-bathroom unit, (2) 1 bedroom/1-bathroom unit, (1) Studio unit, and (1) Studio unit- non conforming unit. The building has an additional 2 garage parking spaces + 2 driveway parking spots.
From a financial perspective, the property offers a current cap rate of 8.50% and a GRM of 8.4, with a current occupancy rate of 100%. Current scheduled rents
total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework.
Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg
From a financial perspective, the property offers a current cap rate of 8.50% and a GRM of 8.4, with a current occupancy rate of 100%. Current scheduled rents
total $9,613 per month and $115,356 Gross Rental Income! This is your opportunity to get a well priced, fully occupied, turnkey building with maximum rents. Utilities are efficiently structured, with water master-metered, electric and gas individually metered, and the landlord responsible for the house meter, providing a balanced operating framework.
Disclosures & Marketing: https://app.disclosures.io/link/1324-Gaynor-Avenue-rs7bpmgg
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$159,792
|
$39.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$159,792
|
$39.95
|
| Taxes |
$19,054
|
$4.76
|
| Operating Expenses |
$30,534
|
$7.63
|
| Total Expenses |
$49,588
|
$12.40
|
| Net Operating Income |
$110,205
|
$27.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $159,792 |
| Annual Per SF | $39.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $159,792 |
| Annual Per SF | $39.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,054 |
| Annual Per SF | $4.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,534 |
| Annual Per SF | $7.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,588 |
| Annual Per SF | $12.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,205 |
| Annual Per SF | $27.55 |
Property Facts
| Price | $1,315,950 CAD | Property Subtype | Apartment |
| Price Per Unit | $263,190 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 8.50% | Building Size | 4,000 SF |
| Gross Rent Multiplier | 8.4 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2020 |
| Zoning | R-2 - Two-Family Residential District | ||
| Price | $1,315,950 CAD |
| Price Per Unit | $263,190 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Gross Rent Multiplier | 8.4 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Zoning | R-2 - Two-Family Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,853 CAD | - |
| Studios | 2 | $1,732 CAD | - |
| 1+1 | 2 | $3,394 CAD | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 529-130-004-3 | Total Assessment | $641,654 CAD (2026) |
| Land Assessment | $245,366 CAD (2026) | Annual Taxes | $19,054 CAD ($4.76 CAD/SF) |
| Improvements Assessment | $396,288 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
529-130-004-3
Land Assessment
$245,366 CAD (2026)
Improvements Assessment
$396,288 CAD (2026)
Total Assessment
$641,654 CAD (2026)
Annual Taxes
$19,054 CAD ($4.76 CAD/SF)
Tax Year
2025
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Priced To Sell - 5 Unit Building | 1324 Gaynor Ave
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