147 W Richmond Ave - Apartments FOR SALE


Richmond, CA 94801- Point Richmond
$3,850,000 USD
925-588-9740
147 W Richmond Ave, Richmond, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/22
null | 6.89% Cap Rate

147 W Richmond Ave
Richmond, CA 94801
Point Richmond


HIGHLIGHTS

  • Fully updated interiors, including new flooring, cabinetry, countertops, appliances, bathrooms, windows, doors, electrical panels
  • Five commercial suites and 14 renovated residential units (10 one-bed/one-bath, 4 two-bed/onebath), plus an on-site laundry facility.
  • Access to San Francisco (35 min), Oakland (20 min), and Marin County via the San Rafael Bridge; also near the Richmond ferry terminal.
  • Walkable neighborhood (Walk Score 82) near shops, restaurants, galleries, and amenities.

OVERVIEW

Motivated seller bring all offers! 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. This is a turnkey asset in an attractive location with strong tenant demand and long-term appreciation potential. Whether you’re a seasoned investor or expanding your portfolio, 147 W Richmond Ave offers a compelling blend of location, quality, and cash flow

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

14

PRICE/UNIT

$275,000

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

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 Northern CaliforniaMore Info
925-588-9740

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Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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