147 W Richmond Ave

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Address: 147 W Richmond Ave., Richmond, CA 94801, USA

California & West + Apartment Buildings

Created date: June 26, 2024

Date last updated: January 16, 2025

It is located in the heart of historic downtown Point Richmond.
Five fully leased commercial units totaling approximately 3,120 SF.
14 residential units: 10 one-bedroom/one-bath and 4 two-bedroom/one-bath apartments.
Renovated units feature new flooring, windows, paint, updated kitchens, and modernized bathrooms.
Separately metered gas and electric for all units, reducing operating costs.
Convenient on-site laundry operated via a mobile app.
Secured front entrance for enhanced tenant safety.
Turn-key investment with a low-maintenance footprint.
No property management required for the 14 residential units.

Property Description

147 W. Richmond Ave is a brick mixed-use retail and residential complex located in the heart of historic Point Richmond. Spanning 12,000 square feet, the property features five ground-floor commercial suites totaling approximately 3,120 square feet and 14 apartment units within a three-story building. Most of the apartment units have been thoughtfully renovated with modern upgrades, including fresh paint, new flooring, updated bathrooms with tiled floors, walk-in showers, and new toilets, as well as kitchens equipped with stainless steel appliances. Each unit now boasts new entry doors and dual-pane windows. Common areas have also been enhanced with fresh paint, new windows, upgraded carpeting, and contemporary light fixtures. Additional tenant amenities include an interior bike rack and a fully renovated laundry room. The commercial suites have been meticulously maintained with touch-ups as needed. All units are separately metered for PG&E and water, helping to minimize operating expenses for new ownership. This property has a strong history of low vacancy rates and commands high in-place rents due to its desirable location and quality renovations, making it a true turn-key investment. Situated directly across from the charming downtown Point Richmond, residents enjoy easy access to grocery stores, boutique shops, coffee houses, and restaurants. Local attractions include the historic Richmond Plunge swimming pool, the iconic Hotel Mac, East Brother Beer Co., the renowned Great American Hamburger and Pie Co., and the lively Kaleidoscope Coffee. Families will appreciate the proximity to Washington Elementary School and nearby playgrounds, while the coast offers breathtaking views of the Bay and its three iconic bridges. This property perfectly balances modern amenities with the charm and convenience of a historic, walkable neighborhood, ensuring enduring appeal and value for future owners.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,450,000
No. of Units:	19
Average Occupancy:	5.9
Year Built:	1914
Lot Size:	4,761.00 Sq ft
Opportunity Zone:	No
Price per unit:	$234,211
Property Website	Click Here