Richmond Multifamily Investment
For Sale
$1,595,000
Pending
19Th St, Richmond, CA 94801
Well-maintained 9-unit apartment building in Richmond, CA.
Property Size5,966 SF
Lot Size0.19 Acres
Days on Market429
Property Features for 19Th St
General Information
Standard status
Pending
Size
5,966 SF
Lot size
0.19 Acres
Property subtype
Commercial
Amenities
Carpet Flooring
Covered
Laminate Flooring
Level
Tile Flooring
Vinyl Flooring
Wall Furnace Heating
Building Details
Year Built
1961
Listing Agency:
WINKLER REAL ESTATE GROUP
(510) 528-2200
Listed By:
TOM COBLE · License #CA 01895472
(510) 915-1615
Source:
Corcoran
Added: Sep 4, 2025
Changed: Oct 25
Last Checked: Nov 4 at 1:05PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,424
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,728,480
$1.7M
Cap Rate 7%
$1,234,629
$1.2M
Cap Rate 9%
$960,267
$960.3K
Market Conditions
NOI Build-Up for 5,966 SF
Gross rent
$166.8K $27.96/SF
− Vacancy
−$9.7K −$1.62/SF
EGI
$157.1K $26.34/SF
− OpEx
−$70.7K −$11.85/SF
NOI
$86.4K $14.49/SF
Area
Richmond, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,728,480
Cap Rate 7%
$1,234,629
Cap Rate 9%
$960,267
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
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
NOI $99,768 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Contra Costa County, CA
Properties on Market for Apartment buildings in Contra Costa County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
