315 25Th StRichmond, CA 94804

  • Retail space
  • 13,518 SF
For Sale
$3,940,000 View listing

Property Details for 315 25Th St

Year built
1912
Construction
BRICK
Lot size
0.11 AC
Property size (Sq ft)
13,518 SF
Zone code
CMCD
Property type
Retail space
APN
515-261-004-3
APU
5152610043

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,451,735
    6.5%
    $5,032,371
    7%
    $4,672,916
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,250,869
    Geo Method
    $9,501,170
  • Alternative Use

    Use
    Valuation
    Residential
    $4,244,993
    Hospitality
    $3,888,391
    Educational
    $3,235,096
    Medical
    $3,346,356
    Retail
    $5,032,371

Location Insight

City
Richmond
County
Contra Costa
State
California
Latitude
37.9357
Longitude
-122.346
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$20,671
$338,636
$861,993
$1,200,629
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