5314 Bayview Ave - Apartments FOR SALE


Richmond, CA 94804
$1,850,000 USD
925-940-4090
5314 Bayview Ave, Richmond, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/14
null | 6.62% Cap Rate

5314 Bayview Ave
Richmond, CA 94804


HIGHLIGHTS

  • 5314 Bayview Avenue is an exceptional apartment complex offering near-market rents in place and immediate showings available.
  • Add value through operational cost reductions and cosmetic enhancements to elevate the property’s appeal and rental income.
  • Diverse mix of six two-bed, one-bath units and one four-bedroom two-bath unit with an attached garage, in-unit laundry, and forced air HVAC.
  • Excellent Richmond Annex location with easy access to Interstates 80 and 580, with the Del Norte BART station just 1 mile away.

OVERVIEW

NAI Global represents a highly motivated seller offering a rare investment opportunity in the Richmond Annex location. 5314 Bayview Avenue is a multifamily asset consisting of a total of seven units across 6,144 square feet. The front building is a four-bedroom, two-bathroom unit with an attached two-car garage. The rear two buildings house six two-bedroom, one-bathroom units. The property has limited deferred maintenance, and all rents are near market rate. All units feature a gas oven/range, refrigerator, freezer, gas wall furnace, hardwood flooring in the living area and bedrooms, and tiled flooring in the kitchens and bedrooms. Additionally, all units have one covered assigned parking stall, and tenants have access to the on-site coin-operated laundry facilities, which also provide space for bike storage. Richmond Annex offers easy access to major highways like Interstate 80, which makes commuting to Oakland, Berkeley, and San Francisco more convenient, especially for those who work in the city but prefer suburban living. The Richmond Annex is also close to the Richmond Parkway and the Richmond BART station, making it easy for residents to access public transportation. The neighborhood encompasses many grocery stores, boutique shops, local restaurants, and coffee shop options. The surrounding area feels like a quiet, suburban enclave with access to all the Bay Area offers.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

7

PRICE/UNIT

$264,286

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,775 SF

ZONING

-

APN/PARCEL ID

508-020-008-1

ASK ABOUT THIS PROPERTY

Ethan BergerNAI Northern CaliforniaMore Info
925-940-4090

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Ethan BergerNAI Northern CaliforniaMore Info
925-940-4090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.