5314 Bayview Ave

Address: 5314 Bayview Ave, Richmond, CA 94804, USA, Richmond, California, US

California & West + Apartments

Created date: November 13, 2023

Date last updated: November 13, 2023

Rare Unit Mix – The property features a front unit with 4 bedrooms
2 bathrooms, laundry room, and 2 car attached garage along with
six 2 bedroom 1 bathroom units.
Ideal Commuting Location – Located in the Richmond Annex within a mile of El Cerrito Del Norte BART station and a few blocks from I580 and I-80 on and off ramps tenants have a number of
commuting options with access to all parts of the Bay Area.
Near Market Rents – Current rents are all at or near market rate
providing excellent income generation and making management
straightforward for new and experienced investors.

Property Description

Berger & Associates is proud to have been selected as the exclusive agent of 5314 Bayview Ave in the Richmond Panhandle Annex. The property consists of a total of 7 units. The front building is a 4-bedroom 2-bathroom unit with attached 2 car garage. The rear 2 buildings house six 2-bedroom 1-bathroom units. The property has been well managed and maintained with all rents near market rate and limited deferred maintenance. All of the units feature 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 1 covered assigned parking stall and tenants have access to the on-site coin-operated laundry facilities which also provide space for bike storage. The subject property is well located in the Richmond Annex one of the most desired neighborhoods in the city. Built into a natural rise select units enjoy unobstructed bay views. I580 and I80 on and off ramps are within a half mile and the El Cerrito Del Norte BART station is a mile from the property giving tenants a number of nearby commuting options and easy access to the entire Bay Area. San Pablo Ave, the major throughfare for the area and home to numerous dining, entertainment, service and retail options, is just a few blocks west.

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Key Property Information

Listing Status:	Available
Multifamily type:	Apartments
Price:	$2,150,000
No. of Units:	7
Cap Rate:	5.45%
GRM /GIM:	10.93
Year Built:	1966
Building Size:	6,144 Sq ft
Lot Size:	9,775.00 Sq ft
No. of Stories:	3
APN:	508-020-008-1
Opportunity Zone:	No
Price per unit:	$307,143