WORLDBID AUCTION | OCTOBER 22ND, 2025 NOON PT PRE AUCTION: BIDS DUE NOW THRU OCTOBER 6TH, 2025 AUCTION: FINAL BIDS DUE PRIOR TO OR ON OCTOBER 22ND, 2025 NOON PT SUGGESTED STARTING BID $400,000 | PREVIOUSLY LISTED FOR $1,895,000 NO RESERVE- WILL SELL TO THE HIGHEST BIDDER -Trust Sale - 14 unit apartment with 14 parking spaces. Below market rents with upside opportunity. Family managed for many years. Income has increased from 2022 to date. Belding Woods is a low-key suburban community right in the heart of Richmond. The neighborhood is almost entirely residential, with small corner grocery stores and locally-owned restaurants along 23rd Street and scattered among the blocks of houses. The cost of living is relatively low for the location, and rent tends to be quite affordable as well. Property will be sold in as is condition, seller will not make any repairs. Specific sale terms apply. Contact broker for information PRE AUCTION OFFERS: • A Buyer may elect to submit a Pre Auction offer rather than participate in Auction bidding. • Pre auction offers may be submitted on a standard CAR (California Association of Realtors) purchase contract. • Pre Auction offers may have any contingency a buyer requests. • A Pre Auction offer must be submitted no later than October 6. The accepted offer will state the buyer will remove all contingencies no later than October 13 or close escrow by that date. If the Buyer removes contingencies or closes escrow no later than October 13, 2025, the auction will be cancelled. • The Pre Auction offer must include the Buyer’s Premium of 3%. • No exceptions to the date deadlines will be accepted. • The buyer must provide a 10% deposit with their offer, proof of funds to close the purchase and a lender approval letter (if applicable).. AUCTION DAY BIDDING: • Your Sealed bid must be submitted on the Braun Worldbid Sealed Bid auction purchase contract. • Qualifying round bids are due on October 22, Noon 2025 PT and must be emailed Todd@braunco.com • The top 50% bids (by price) of the qualifying round bids received, those bidders will be notified by October 22 3pm 2025 PT, they are approved to submit their final bid. • The bidders, whom have qualified to bid in the Final Bid round, their bid is due on October 23, 2025 Noon PT. • Both the qualifying and final round bids must be provided on the Braun Worldbid Sealed Bid auction purchase contract. • Escrow Shall close no later than November 23, 2025. • The Sealed Bid auction purchase is available at BraunWorldbid.com (under this property tab). • Auction day bids are completely non contingent. Please review property information at Braunco.com.