Charming East Richmond Heights Duplex for Sale – A Rare Investment Opportunity!

RICHMOND, Calif. - March 6, 2025 - PRLog -- Every so often, investment opportunities for real estate entrepreneurs or first time buyers emerge in highly sought-after neighborhoods as this duplex in East Richmond Heights.

This versatile and income-generating duplex, located on the corner of Key Blvd. and Barrett Ave, offers both modern updates and timeless charm, making it an ideal investment as a one unit owner-occupied (live in one unit and rent the other), multigenerational family (occupy both units) or a fully rented income property.

The duplex consists of two 1-bedroom, 1-bath units, each a mirror image of the other—except for a thoughtful modification in the Barrett Ave unit, where the dining room has been converted into an additional bedroom.

Key Property Highlights:

✔ Fully Updated Barrett Ave Unit – Featuring modern plumbing and electrical upgrades, this unit's garage has been transformed into an Airbnb studio, complete with a kitchenette and private bathroom—offering excellent additional rental income potential.
✔ Key Blvd Unit Retains its Original 1930s Charm – A true vintage gem, providing a unique opportunity for restoration or customization.
✔ Long-Term Reliable Tenant – The Key Blvd tenant has resided in the home since 2007, never missing a rent payment—even during the pandemic.
✔ Desirable Location – East Richmond Heights is known for its shopping, restaurants, proximity to public transit, easy freeway access, and a strong sense of community.

Prime Investment with Negotiable Terms

Recently appraised at $826,000, this property is being offered at $784,000, that's $42,000 below market value with the seller open to negotiation, credits, and tenant relocation assistance if needed. All appraisal, disclosures and inspection reports are available.

This East Richmond Heights duplex is a prime opportunity for investors, first time home buyer or homeowners looking for passive income in a rapidly growing market. Don't miss your chance to own this well-positioned property with significant upside potential!

For more details, showings, or offers, contact Bruno Versaci at:  📞 917-709-7324 or email at: bruno@brunoversaci.com  For a private viewing, click here and book a time at your convenience on my calendar.