6000 Bayview AveRichmond, CA 94804

Property Details for 6000 Bayview Ave

Year built

1975

Lot size

0.19 AC

Property size (Sq ft)

3,431 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a well-maintained five-unit apartment building situated in Richmond Annex, California, at 6000 Bayview Ave, zip code 94804. The property boasts a total of 3,431 square feet and sits on a 0.19-acre lot. Built in 1975, the property comprises two structures, with some units recently remodeled. The building offers five parking spaces, including three garages, providing ample parking for all residents. A private backyard adds to the property's appeal. The property is sewer compliant and located within the El Cerrito school district. Currently generating a Net Operating Income (NOI) of $84,090, this translates to a compelling 5.80% capitalization rate and a price per square foot of $423. The asking price is $1,450,000. Some units are currently rented at market rate, while others are below market, presenting a significant opportunity to increase revenue. Detailed inspection reports are available upon request. This is a prime investment opportunity with excellent upside potential in a desirable location.

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9155

Longitude

-122.313

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