For Sale
$3,940,000

315 25Th StRichmond, CA 94804

20-unit building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 315 25th Street in Richmond, California, presents a compelling investment opportunity. The 14,418 square foot building boasts 18 residential units – a mix of nine studios and nine one-bedroom apartments – and two prime commercial spaces on the ground floor. Built in 1920, this Class C property sits on a 0.11-acre lot and is currently offered at $3,940,000, representing a price per unit of $197,000 and a 5.93% capitalization rate. Its strategic location in Contra Costa County places it adjacent to the Richmond Civic Center, senior housing, and a senior center, ensuring high visibility and strong community ties. The property benefits from excellent access to public transportation, with proximity to the El Cerrito and Richmond BART stations, and major highway arteries (80, 580, and 4) providing easy connectivity throughout the Bay Area. The combination of residential and commercial spaces creates a diversified income stream, while the unit mix caters to a broad range of tenant needs. The ground floor commercial spaces offer high foot traffic and visibility, making them attractive to a variety of businesses. This property is an ideal investment for those seeking a blend of residential and commercial income in a thriving Bay Area location. The property's strong location and diverse income streams make it a highly attractive investment opportunity.

Highlights

  • 18-unit multifamily property with two ground-floor retail spaces in Richmond, VA.
  • High-visibility retail spaces offer strong leasing potential due to high foot traffic.
  • Mix of studio and one-bedroom units caters to diverse renter needs, maximizing occupancy.
  • Excellent location near local amenities and community centers.

Property Details for 315 25Th St

Property type
Mixed-use properties
Square Feet
14,418 SF
Class
C
Year Built
192
Lot Size (sq. ft)
4,792 SF
Units
20

Location Insight

City
Richmond
County
Contra Costa
State
California
Latitude
37.9357138
Longitude
-122.3455114
315 25Th St, Richmond, California

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315 25Th St
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