315 25Th St, Richmond, CA 94804 - Berkshire Hathaway HomeServices California Properties

Photo of Stephanie Murphy

Stephanie Murphy REALTOR® - Sales Associate 619-246-8230 m
Lic#: 01170479
NRDS ID: 196501254
StephanieMurphyHomes@gmail.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100

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Agent Remarks

21-unit mixed-use investment in Richmond near countless restaurants and shopping options. The current cap rate is 9.56% and the current GRM is 7.05. The property is almost 100% occupied with stable cash flow and offers excellent in-place income and with strong rental upside. The property was originally built in 1912, offers approximately 14,168 square feet of rental space and sits on a 5,000 square foot corner lot. The unit mix consists of three commercial units, four 2bd/1bth units, five 1bd/bth units and nine studio units. Many of the units have been remodeled over time and the exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# 41141554

List price is $2,850,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1912

0.11 acres

Lot size: 0.1148

Subdivision: RICHMOND