The Mogharebi Group is pleased to present the opportunity to acquire 315 25th Street, an 18-unit mixed use multifamily community located at 315 25th Street in
Richmond, California. This 3-story asset benefits from a diverse unit mix of studio, one-, and two-bedroom floorplans ranging between 528 to 775 square feet. In addition to the 18 residential units, the property also has 2 existing retail units on the ground floor, both of which are occupied with pre-existing signed retail leases. Furthermore, tenants can enjoy additional retail amenities in the surrounding area as it is home to a variety of shopping, dining, and entertainment experiences such as the Richmond Art Center, Richmond Civic Center Plaza, and Nicholl Park. Many of the notable local amenities are situated within an easily walkable distance from 315 25th Street, this has allowed the property to achieve a Walk Score of 89. The property is currently operating at 94% occupancy with an 11% in-place loss-to-lease