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Apartment + Storefront Retail | Value-Add 315 25th St 18 Apartment Units Online Auction Sale Richmond, CA 94804
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Investment Highlights
- Exceptional mixed-use opportunity consisting of 18 apartments and two ground-floor retail storefronts with the ability to increase NOI.
- Quick access to Interstates 80 and 580, as well as Richmond Parkway, allows for quick commutes to and from the property.
- Area demographics are favorable for investors, featuring predominantly renter-occupied households and an average income of $97,266 within 3 miles.
- Located at the heart of Downtown Richmond, the building is walkable to the Richmond Art Center, Nicholl Park, and multiple rail and bus lines.
- Abundant retail is within a quick walk including Richmond Farmer’s Market, McDonald’s, Taco Bell, Central Pharmacy, and many more.
Executive Summary
Take advantage of the opportunity to acquire 315 25th Street, a mixed-use multifamily community and ground-floor retail storefronts in Richmond, California. The property is currently operating at 94% occupancy with an 11% in-place loss-to-lease, presenting stable cash flow and additional lease upside to a value-add investor.
Totaling 14,418 square feet and originally built in 1912, this three-story asset benefits from a diverse unit mix of 18 studio and one-bedroom apartments ranging between 528 and 775 square feet. The property's two ground-floor retail spaces total approximately 2,700 square feet of combined retail space. Both units are occupied with pre-existing retail leases signed in 2020 and 2022. The exteriors feature a beautiful brick façade and large bay windows, and the 0.11-acre lot provides 20 surface parking spaces.
Tenants of 315 25th Street can enjoy fantastic amenities in the surrounding area, with a variety of nearby shopping, dining, and entertainment experiences such as the Richmond Art Center, Richmond Civic Center Plaza, and Nicholl Park. Many of the notable local amenities are situated within an easily walkable distance from 315 25th Street, which has allowed the property to achieve a WalkScore of 89. Additionally, more than 8,500 vehicles pass by the property each day along Macdonald Avenue, delivering robust brand exposure for both retail and residential businesses. The location is easily accessible, sitting centrally between the 80 and 580 Freeways, and within walking distance of public transportation, including AC Transit, BART, and the Transbay buses.
Nestled at the gateway between the Bay Area and the North Bay, Richmond is a vibrant and historic city approximately 30 minutes northeast of San Francisco. 315 25th Street sits within the city’s North and East neighborhood, just 10 minutes from the lively Berkeley area. Richmond delivers a meaningful demographic profile of potential residents and customers within 3 miles of the property, with a population of more than 150,000.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Totaling 14,418 square feet and originally built in 1912, this three-story asset benefits from a diverse unit mix of 18 studio and one-bedroom apartments ranging between 528 and 775 square feet. The property's two ground-floor retail spaces total approximately 2,700 square feet of combined retail space. Both units are occupied with pre-existing retail leases signed in 2020 and 2022. The exteriors feature a beautiful brick façade and large bay windows, and the 0.11-acre lot provides 20 surface parking spaces.
Tenants of 315 25th Street can enjoy fantastic amenities in the surrounding area, with a variety of nearby shopping, dining, and entertainment experiences such as the Richmond Art Center, Richmond Civic Center Plaza, and Nicholl Park. Many of the notable local amenities are situated within an easily walkable distance from 315 25th Street, which has allowed the property to achieve a WalkScore of 89. Additionally, more than 8,500 vehicles pass by the property each day along Macdonald Avenue, delivering robust brand exposure for both retail and residential businesses. The location is easily accessible, sitting centrally between the 80 and 580 Freeways, and within walking distance of public transportation, including AC Transit, BART, and the Transbay buses.
Nestled at the gateway between the Bay Area and the North Bay, Richmond is a vibrant and historic city approximately 30 minutes northeast of San Francisco. 315 25th Street sits within the city’s North and East neighborhood, just 10 minutes from the lively Berkeley area. Richmond delivers a meaningful demographic profile of potential residents and customers within 3 miles of the property, with a population of more than 150,000.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
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Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 0.11 AC |
| Sale Condition | Auction Sale | Building Size | 14,418 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 94% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 515-261-004-3 |
| Building Class | C | ||
| Zoning | CMCD, Richmond | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 14,418 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | CMCD, Richmond |
| Parcel Number | 515-261-004-3 |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Granite Countertops
- Refrigerator
- Oven
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (80)
Sale Advisor
Sale Advisor
Ben Wemer, Associate
Ben will work with the Bay Area Multifamily Team across the region with an emphasis in the South Bay. He will be responsible for new business procurement and development throughout the region, working closely with stakeholders across all 9 Colliers offices in the Bay Area.
Ben holds a B.S. in Public Relations with a minor in Business Administration from the University of Oregon. He was previously employed at Ray Stone Incorporated, a private equity real estate investment manager headquartered in Sacramento that owns and operates 50 investment properties comprised of 1,500 multifamily units, 1,100 senior living apartments and 1.1 million square feet of retail. Ben has an exceptional amount of passion for the business and we are extremely excited to have him launch his brokerage career with a top tier firm.
Outside of work, Ben enjoys traveling, skiing, coaching, and playing basketball and loves everything sports, especially his Ducks. He looks forward to joining the Colliers family and is excited about the opportunity at hand.
Ben holds a B.S. in Public Relations with a minor in Business Administration from the University of Oregon. He was previously employed at Ray Stone Incorporated, a private equity real estate investment manager headquartered in Sacramento that owns and operates 50 investment properties comprised of 1,500 multifamily units, 1,100 senior living apartments and 1.1 million square feet of retail. Ben has an exceptional amount of passion for the business and we are extremely excited to have him launch his brokerage career with a top tier firm.
Outside of work, Ben enjoys traveling, skiing, coaching, and playing basketball and loves everything sports, especially his Ducks. He looks forward to joining the Colliers family and is excited about the opportunity at hand.
About the Auction Technology
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Auction Contact
John Artozqui
Contact
Auctioneer License:
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Apartment + Storefront Retail | Value-Add | 315 25th St
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Apartment + Storefront Retail | Value-Add | 315 25th St
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