147 W Richmond Ave - Apartments FOR SALE


Richmond, CA 94801- Point Richmond
$4,290,000 USD
925-588-9740
147 W Richmond Ave, Richmond, CA for Sale
$4,290,000 USD
Apartments - FOR SALE
1/22
null | 6.06% Cap Rate

147 W Richmond Ave
Richmond, CA 94801
Point Richmond


HIGHLIGHTS

  • Affluent Demographics: Within a 0.3-mile radius, the average household income is over $182K and average home value is $1.24M.
  • Fully updated interiors, including new flooring, cabinetry, countertops, appliances, bathrooms, windows, doors, and electrical panels.
  • Diverse Income Streams: Includes five commercial suites and 14 renovated residential units plus an on-site laundry facility.
  • Excellent Connectivity Convenient access to San Francisco (35 min), Oakland (20 min), and Marin County via San Rafael Bridge; also near ferry terminal
  • Prime Point Richmond Setting: Walkable neighborhood (Walk Score 82) near shops, restaurants, galleries, and amenities.

OVERVIEW

Located in a thriving East Bay waterfront community, 147 W Richmond Ave presents a rare investment opportunity to acquire a well-maintained, income-producing mixed-use asset with strong upside and classic architectural charm. This 12,000 sq ft, three-story building (with a partial basement) features five ground-floor commercial suites totaling 3,120 sq ft, providing steady retail or office income. Above, the second and third floors house 14 fully renovated residential units—including 10 one-bedroom/one-bath units and 4 two-bedroom/one-bath units—offering multiple, reliable revenue streams. The current ownership has completed a comprehensive modernization of all residential units while preserving character-rich details like exposed brick walls. Interior upgrades include new flooring throughout, stylish shaker cabinetry and solid surface countertops, updated appliance packages, contemporary bathrooms with new walk-in showers, sinks, and toilets, dual-pane windows and new entry doors, and upgraded electrical sub-panels in each unit. Common areas have also been improved with new carpeting, lighting, and windows, along with thoughtful amenities such as an indoor bike rack and a refreshed on-site coin-operated laundry room. Each unit is individually metered for gas and electricity, and tenants are billed back for a portion of shared utilities—minimizing operating costs and increasing net income.

FOR SALE DETAILS

PRICE

$4,290,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

19

PRICE/UNIT

$225,789

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C1CD, Richmond-Community

APN/PARCEL ID

558-101-017-9

ASK ABOUT THIS PROPERTY

Ethan BergerNAI GlobalMore Info
925-588-9740

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Ethan BergerNAI GlobalMore Info
925-588-9740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.