5105-5107 MacDonald Ave - Apartments FOR SALE


Richmond, CA 94805- East Richmond
$849,000 USD
510-926-8771
5105-5107 MacDonald Ave, Richmond, CA for Sale
$849,000 USD
Apartments - FOR SALE
1/36
null | 6% Cap Rate

5105-5107 MacDonald Ave
Richmond, CA 94805
East Richmond


HIGHLIGHTS

  • Six Studio Units Averaging 363 SF Each, Featuring Two Recently Remodeled Units, Fresh Exterior Paint, and Upgraded Electrical Panels.
  • Seismically Upgraded With New Earthquake Gas Shutoff Valves and Separately Metered Gas and Water for Each Unit.
  • Front and Rear Outdoor Patio Spaces With a Dedicated Owner Storage Shed for Tools, Equipment, and Personal Items.
  • Prime East Richmond Location Bordering El Cerrito With Excellent Access to BART, Freeways, Retail, and Amenities, Supporting Strong Rental Demand.

OVERVIEW

The Pinza Group Is Pleased to Present 5105 MacDonald Avenue, a 6-Unit Studio Apartment Property Located in Richmond’s Established Rental Corridor. The Building Consists of Six Studio Units, Each ±363 Square Feet, Situated on a Well-Located East Bay Parcel With Off-Street Parking and a Simple, Uniform Unit Mix That Supports Efficient Management. The Property Is Conveniently Located Near Richmond Bart, Providing Direct Access to San Francisco and the Greater Bay Area, as Well as Immediate Access to Interstate 580 and Interstate 80 for Regional Commuting. Tenants Also Benefit From Nearby Bus Lines Along MacDonald Avenue and Close Proximity to Neighborhood Retail, Grocery Options, and Daily Conveniences, Enhancing Overall Livability and Rental Appeal Located Along MacDonald Avenue in Central Richmond, This Property Sits in a Highly Accessible East Bay Corridor With Direct Transit Connectivity via Richmond Bart, Offering Convenient Regional Access to Oakland, San Francisco, and the Greater Bay Area. The Immediate Neighborhood Provides Strong Day-To-Day Convenience With Nearby Grocery and Retail Options Including Safeway, Grocery Outlet, and Foods Co Along MacDonald Avenue, as Well as Local Markets and Neighborhood Shops Within Close Proximity. Tenants Also Benefit From Multiple AC Transit Bus Lines Running Directly Along MacDonald Avenue, Along With Quick Access to Interstate 80 and Interstate 580 for Broader Commuter Routes. The Surrounding Area Is Supported by Richmond’s Established Employment Base, Including Industrial, Logistics, and Maritime Activity Tied to the Nearby Port of Richmond, Reinforcing Consistent Housing Demand. EMAIL INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,500

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,187 SF

ZONING

R2, Richmond

APN/PARCEL ID

501-220-009-2

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-926-8771

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Steven PinzaPinza GroupMore Info
510-926-8771

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