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146 19th St 9 Unit Apartment Building $2,226,492 CAD ($247,388 CAD/Unit) 6.17% Cap Rate Richmond, CA 94801
EXECUTIVE SUMMARY
Exceptional investment opportunity in the East Bay rental market. 146 19th Street is a well-maintained 9-unit apartment building located in a convenient Richmond neighborhood with close proximity to BART, freeways, shopping, and local amenities. The property offers a desirable mix of eight, 2-bedroom/1-bath units and one studio, appealing to a broad tenant base. A soft-story seismic retrofit was completed with permits in 2025, and the sewer lateral is in full compliance, reducing ownership risk and future expense. Each unit benefits from one gated parking space, and the building features an on-site coin-operated laundry facility that provides both convenience for residents and supplemental income. Half of the units have been upgraded, while others offer clear value-add potential through renovation.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,226,492 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $247,388 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.17% | Building Size | 5,966 SF |
| Gross Rent Multiplier | 8.9 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R, Richmond | ||
| Price | $2,226,492 CAD |
| Price Per Unit | $247,388 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R, Richmond |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 540-200-017-7 | Total Assessment | $1,946,633 CAD |
| Land Assessment | $981,496 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $965,137 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
540-200-017-7
Land Assessment
$981,496 CAD
Improvements Assessment
$965,137 CAD
Total Assessment
$1,946,633 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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146 19th St
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