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    Richmond Multifamily Investment Opportunity Title is generated by Realmo AI

    19Th St, Richmond, CA 94801

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    For Sale
    $1,595,000

    Well-maintained 9-unit apartment building in Richmond, CA.

    Type:Commercial
    Property size:
    5,966 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $267/SF
    Added:
    Sep 4, 2025
    Days on Market:
    291
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 19Th St

    General Information

    Standard status
    Active
    Size
    5,966 SF
    Lot size
    0.19 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1961

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    Listing Contact
    TOM COBLE

    Listing agent TOM COBLE

    Listing office WINKLER REAL ESTATE GROUP

    Listing date Sep 4, 2025

    Source Corcoran

    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 WINKLER REAL ESTATE GROUP

    HighLights

    • 9‑unit apartment building featuring a desirable mix of units.
    • Completed soft‑story seismic retrofit with permits in 2025.
    • Sewer lateral in full compliance.
    • Convenient Richmond location near BART, freeways, shopping, and local amenities.
    • Each unit includes one gated parking space.
    • On‑site coin‑operated laundry facility.

    Overview

    Located in a convenient Richmond neighborhood, this well-maintained 9-unit apartment building presents an exceptional investment opportunity in the East Bay rental market. The property is in close proximity to BART, freeways, shopping, and local amenities. It features a mix of eight 2-bedroom/1-bath units and one studio, appealing to a broad tenant base. Each unit includes one gated parking space. A soft-story seismic retrofit was completed with permits in 2025, and the sewer lateral is in full compliance. An on-site coin-operated laundry facility provides convenience for residents and supplemental income. Half of the units have been upgraded, while others offer value-add potential through renovation. The property delivers reliable income and long-term appreciation potential.

    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 $166.8k $27.96
    − Vacancy −$9.7k −$1.62
    EGI $157.1k $26.34
    − OpEx −$70.7k −$11.85
    NOI $86.4k $14.49
    5,966 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,424 @ 7.0% cap · market cap 5.42%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1.43M
    $1.25M – $1.66M (±1% cap)
    NOI $99,768 @ 7.0% cap · market cap 6.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.351
    Latitude
    37.9316

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 9-unit apartment building in Richmond, CA.
    Where is this apartment building located?
    The property is located at 19Th St Richmond, CA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 9‑unit apartment building featuring a desirable mix of units.; Completed soft‑story seismic retrofit with permits in 2025.; Sewer lateral in full compliance.
    More about this property
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