Just Sold - 428 South 9th St., Richmond, CA
Just Sold - Fourplex in Richmond, CA
The LL CRE group is pleased to announce the sale of 428 South 9th Street in Richmond, California. The property is a multifamily fourplex near Interstate 580. The property was sold to an owner/user financed with a VA loan.
Highlights
- Sold for $975,000 to an owner/user
- Seller gained $300k of equity in one year
- 3,574 SF building on 8,437 SF lot
- 5.5% Cap Rate