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147 W Richmond Ave 14 Unit Apartment Building $5,416,950 CAD ($386,925 CAD/Unit) 6.89% Cap Rate Richmond, CA 94801
Investment Highlights
- Fully updated interiors, including new flooring, cabinetry, countertops, appliances, bathrooms, windows, doors, electrical panels
- Access to San Francisco (35 min), Oakland (20 min), and Marin County via the San Rafael Bridge; also near the Richmond ferry terminal.
- Five commercial suites and 14 renovated residential units (10 one-bed/one-bath, 4 two-bed/onebath), plus an on-site laundry facility.
- Walkable neighborhood (Walk Score 82) near shops, restaurants, galleries, and amenities.
Executive Summary
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
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
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- On-Site Retail
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 400 |
| 2+1 | 4 | - | 700 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 558-101-017-9 | Improvements Assessment | $5,979,456 CAD |
| Land Assessment | $752,431 CAD | Total Assessment | $6,731,887 CAD |
Property Taxes
Parcel Number
558-101-017-9
Land Assessment
$752,431 CAD
Improvements Assessment
$5,979,456 CAD
Total Assessment
$6,731,887 CAD
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147 W Richmond Ave
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