$700,000
●
Land -
Off Market
0 23Rd St
Richmond, CA 94804
Studio
0 Bath
$3,560
Est. Monthly
About This Property
Prime Development Opportunity in the Heart of Richmond parcel APN#
515-190-013-0 & 515-190-014-8 &515-190-015-5. Don't miss this
rare opportunity to own a large, level, and fully fenced lot
totaling 20,184 sq. ft., spanning three parcels. Zoned C-1, this
flexible property allows for commercial, residential, or mixed-use
development-ideal for investors, developers, or visionary builders.
Situated in a highly desirable location near Richmond City Hall,
just minutes from Kaiser Permanente, BART, ferry access to San
Francisco, and surrounded by parks, shops, and local amenities.
Whether you're looking to build multi-family housing, retail,
office space, or a dynamic mixed-use project, this site offers the
perfect canvas. Bring your architects, developers, or creative
investors-this is a must-see opportunity with endless potential.
Unit Size
-
Days on Market
85 days
Land Size
0.27 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (bridgeMLS/CCAR/Bay East AOR #41118101)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Feb 6, 2026 | Relisted | $725,000 | |
| Relisted | |||
| Jan 13, 2026 | In contract | - | |
| In contract | |||
| Nov 24, 2025 | Listed by Coldwell Banker Realty | $725,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
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Type
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Closing Price
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About City Center
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Listed by: Bita Azizi, Coldwell Banker Realty
Last Updated: 8 months ago
Data Source: CRMLS, MLS# 41118101
Last Updated: 8 months ago
Data Source: CRMLS, MLS# 41118101
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