5113 Panama Ave 6 Unit Apartment Building $2,812,779 CAD ($468,796 CAD/Unit) 6.75% Cap Rate Richmond, CA 94804

The Pinza Group is pleased to present an exceptional investment opportunity at 5113 Panama Ave, Richmond, CA, located in the highly desirable Richmond Annex neighborhood. Built in 1988 and set on a 7,500 SF lot, this well-maintained 6-unit apartment building offers a total of 5,286 square feet of rentable space. The property consists of four (4) 2-bedroom/1-bath units and two (2) 2-bedroom/2-bath units. Fully occupied with stable tenants paying market rents, this property provides a prime opportunity for investors seeking a strong rental income stream in a sought-after location.
Nestled in the heart of Richmond, California, the Richmond Annex neighborhood offers a unique blend of small-town charm and vibrant Bay Area living. A historic naval community just north of Berkeley, Richmond has managed to maintain more affordable prices compared to nearby cities like Oakland. The area's diverse culture is reflected in its wide selection of restaurants and parks, providing residents with convenient access to local amenities. Ideally located south of downtown Richmond and just under a mile north of Marina Bay and the Rosie the Riveter/World War II Home Front National Historical Park, this neighborhood offers easy access to Oakland, Berkeley, and other Bay Area destinations. With quick commutes to Del Norte and Richmond BART stations, the 880 freeway, the Richmond Bridge, Richmond Marina, shopping, and more, residents enjoy unparalleled convenience and connectivity.