Mixed-Use Income
315 25Th St Richmond, CA 94804
New
315 25Th St, Richmond, CA, 94804
$2,850,000
For Sale
$2,850,000
21-unit mixed-use property with three commercial units and residential studios and apartments on a corner lot.
Property Size14,168 SF
Price / SF$201.16
Days on Market6
Property Features for 315 25Th St
General Information
- Standard status
- Active
- Size
- 14,168 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1912
Listing agency
THE PINZA GROUP, INC
(510) 725-4775
Listed by
DAVID HOWARTH · License #01360348
Source
Corcoran
Added: Jul 16 Updated: Jul 21 at 2:08AM Checked: Jul 21 at 5:22AM
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
This 21-unit mixed-use income property includes three commercial units and residential units featuring nine studios, five 1-bedroom units, and four 2-bedroom units. The building was originally constructed in 1912 and has seen remodels over time, including updated electric systems and a newer roof. Units and building components are described as being in great condition with no deferred maintenance, and the property is offered as turn-key.
The property is located on a 5,000 square foot corner lot and provides separate metering for electric and gas. Public remarks also note the property is easy to maintain and is described as almost fully occupied, supporting stable cash flow.
For practical operations, the property is separately metered and includes both commercial and residential space in a single asset with an existing unit mix designed for multiple income streams.
The property is located on a 5,000 square foot corner lot and provides separate metering for electric and gas. Public remarks also note the property is easy to maintain and is described as almost fully occupied, supporting stable cash flow.
For practical operations, the property is separately metered and includes both commercial and residential space in a single asset with an existing unit mix designed for multiple income streams.
Key Highlights
- 21‑unit mixed‑use property on a 5,000 SF corner lot, built in 1912.
- Approx. 14,168 SF rental space with a unit mix of 3 commercial units, 9 studios, five 1BD/1BTH, and four 2BD/1BTH.
- Current cap rate is 9.56% and current GRM is 7.05.
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 | $396.1k | $27.96 |
| − Vacancy | −$23.0k | −$1.62 |
| EGI | $373.2k | $26.34 |
| − OpEx | −$167.9k | −$11.85 |
| NOI | $205.2k | $14.49 |
14,168 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.93M
$2.57M – $3.42M
NOI $205,239 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$2.72M
$2.38M – $3.18M
NOI $190,567 @ 7.0% cap · market cap 6.69%
Theoretical Best
Multifamily LT 5
$3.38M
$2.96M – $3.95M
NOI $236,927 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PAUL Garage Door ...
Building Supply
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FAQs
What type of property is this?
Apartment building - 21-unit mixed-use property with three commercial units and residential studios and apartments on a corner lot.
Where is this apartment building located?
The property is located at 315 25Th St Richmond, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 21‑unit mixed‑use property on a 5,000 SF corner lot, built in 1912.; Approx. 14,168 SF rental space with a unit mix of 3 commercial units, 9 studios, five 1BD/1BTH, and four 2BD/1BTH.; Current cap rate is 9.56% and current GRM is 7.05.
