Mixed-Use Building with Renovated
147 W Richmond Ave Richmond, CA 94801
147 W Richmond Ave, Richmond, CA, 94801
$3,985,000
For Sale
$3,985,000
Income-producing mixed-use property with renovated residential and commercial spaces.
Property Size12,000 SF
Price / SF$332.08
Days on Market434
Property Features for 147 W Richmond Ave
General Information
- Standard status
- Active
- Size
- 12,000 SF
Building Details
- Year Built
- 1914
Listing Agency
NAI NORTHERN CALIFORNIA
Listed by
ETHAN BERGER
Source
Corcoran
Added: May 10, 2025 Checked: Jul 15 at 8:15 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI NORTHERN CALIFORNIA
Investment Insights
Based on property information with market context.
Located in a thriving East Bay waterfront community, this 12,000 square foot, three-story mixed-use building features five ground-floor commercial suites totaling 3,120 square feet, suitable for retail or office use. The second and third floors house 14 fully renovated residential units, including 10 one-bedroom/one-bath units and 4 two-bedroom/one-bath units. The property also has a partial basement. The residential units have been comprehensively modernized while preserving character-rich details such as exposed brick walls. Interior upgrades include new flooring, shaker cabinetry, solid surface countertops, updated appliance packages, contemporary bathrooms with new walk-in showers, sinks, and toilets, dual-pane windows, new entry doors, and upgraded electrical sub-panels in each unit. Common areas have been improved with new carpeting, lighting, and windows, along with amenities such as an indoor bike rack and a refreshed on-site coin-operated laundry room. Each unit is individually metered for gas and electricity, and tenants are billed back for shared utilities.
Key Highlights
- Income‑producing mixed‑use property with 5 commercial suites and 14 renovated residential units.
- Fully renovated residential units featuring modern upgrades such as new flooring, shaker cabinetry, solid surface countertops, updated appliances, and contemporary bathrooms.
- Located in a thriving East Bay waterfront community.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $335.5k | $27.96 |
| − Vacancy | −$19.5k | −$1.62 |
| EGI | $316.1k | $26.34 |
| − OpEx | −$142.2k | −$11.85 |
| NOI | $173.8k | $14.49 |
12,000 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.48M
$2.17M – $2.90M
NOI $173,833 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$2.31M
$2.02M – $2.69M
NOI $161,406 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$2.87M
$2.51M – $3.34M
NOI $200,673 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pointe Richmond Family ...
Medical Clinic
The Final Sauce
Big Box & Wholesale Store
Jane Himmelvo
Pediatrician
Bobby Bankz Beauty
Hair Salon
Skin Esthetics
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing mixed-use property with renovated residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 147 W Richmond Ave Richmond, CA.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: Income‑producing mixed‑use property with 5 commercial suites and 14 renovated residential units.; Fully renovated residential units featuring modern upgrades such as new flooring, shaker cabinetry, solid surface countertops, updated appliances, and contemporary bathrooms.; Located in a thriving East Bay waterfront community.
