5314 Bayview AveRichmond, CA 94804

Property Details for 5314 Bayview Ave

Year built

1966

Lot size

0.22 AC

Property size (Sq ft)

6,144 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

508-020-008-1

APU

5080200081

Description

This exceptional 7-unit apartment building in Richmond, CA, presents a compelling investment opportunity. Located at 5314 Bayview Ave, this stabilized Class C property boasts 6,144 square feet on a 9,775 square foot lot. The building, constructed in 1966, features a desirable unit mix: one spacious 4-bedroom, 2-bathroom unit with a 2-car attached garage, and six 2-bedroom, 1-bathroom units. All units are currently 100% occupied, generating a Net Operating Income (NOI) of $121,721, with a pro-forma NOI of $132,041. The asking price is $1,850,000, representing a current cap rate of 6.62% and a pro-forma cap rate of 7.18%. Each unit includes a covered parking stall, and tenants enjoy access to on-site coin-operated laundry facilities with additional bike storage. The property's location in the Richmond Annex offers convenient access to public transportation (within a mile of the El Cerrito Del Norte BART station) and major freeways (I-580 and I-80). All units feature gas appliances, hardwood and tiled flooring, and current rents are at or near market rate. The property's strong performance and desirable location make it an attractive investment for both seasoned and new investors. The property's APN is 508-020-008-1. This is a two-story building with seven units, each with one parking space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,090,152

  6.5%

  $1,929,371

  7%

  $1,791,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,747,472

  Geo Method

  $2,656,116

• Alternative Use

  Use

  Valuation

  Residential

  $1,929,371

  Hospitality

  $1,767,294

  Educational

  $1,470,367

  Medical

  $1,520,936

  Retail

  $2,287,238

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9153

Longitude

-122.319

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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