4140 Fran Way Condominiums offers a unique opportunity to acquire a complete 12-unit complex in Richmond/El Sobrante, close to major retailers. Each updated unit includes in-unit laundry, private balconies, and a 1-car garage, attracting tenants and buyers. Converted from a multifamily building in 2018, the property allows for future value appreciation and individual unit sales. The established Homeowner's Association ensures easy management. Nearby retailers include Walmart, Target, and Grocery Outlet, and future developments from the Hilltop Horizon Specific Plan will further enhance the area. Investors can take advantage of flexible financing options, and this turnkey asset promises both immediate cash flow and long-term appreciation in a high-demand market.
Price Adjustment- Wonderful opportunity to upgrade your portfolio. Don't miss these 6 individual duplexes spread out over 4 parcels (5249-5251 Sobrante Ave, 5245-5247 Sobrante Ave, 1-3 Sobrante Ct and 5-7 Sobrante Ct) being sold as a package. These units all consist of 3 bedroom 1 bath units with great upside potential. This unique fully leased property has individual PGE and water meters, refrigerators, stoves, carpet, laminate floors, dual pane windows and multiple parking spaces per unit. Most units have been upgraded over the years and many rents are below market with room to grow. Don't miss this opportunity to own your piece of El Sobrante. Located near major shopping stores, schools and public transportation. Hurry this won't last long.
Possibilities abound! Property has been used as a car dealership, real estate office and most recently, rented to several church groups. Plans and permits for grocery store with hot food area (restaurant). Plumbing and some electrical has been completed. Large open space with initial buildouts for bathrooms, walk-in refrigerator and walk-in freezer. New roof done within the last year.
The median home value in El Sobrante, CA is $726,300. This is lower than the county median home value of $761,600. The national median home value is $338,100. The average price of homes sold in El Sobrante, CA is $726,300. Approximately 68.2% of El Sobrante homes are owned, compared to 25.65% rented, while 6.15% are vacant. El Sobrante real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a El Sobrante real estate agent to arrange a tour today!
El Sobrante, California 94803 has a population of 25,798. El Sobrante 94803 is less family-centric than the surrounding county with 26.72% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in El Sobrante, California 94803 is $101,696. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in El Sobrante 94803 is 44.4 years.
The average high temperature in July is 77.6 degrees, with an average low temperature in January of 40.3 degrees. The average rainfall is approximately 24.1 inches per year, with 0 inches of snow per year.