2520 Ohio Ave Richmond, CA 94804
Property profile & analytics
2520 Ohio Ave Richmond, CA 94804
- Apartment buildings
- 16,152 SF
- 0.68 lot acres
Property ID
US09-2441916
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ohio ave / High School
Property Details for 2520 Ohio Ave
- Year built
- 1942
- Lot size
- 0.68 lot acres
- Property size
- 16,152 SF
- Property type
- Apartment buildings
- APN
- 513-023-003-9
- APU
- 5130230039
Description
This exceptional 34-unit apartment building presents a compelling investment opportunity in Richmond, CA. Situated on a substantial 29,500 square foot lot, this two-story, 16,142 square foot building boasts a desirable unit mix: 10 studios, 22 one-bedroom/one-bath, and 2 two-bedroom/one-bath units. Each unit includes one designated surface parking space. Built in 1942, the property enjoys a Walk Score of 74 and a Bike Score of 78, offering residents convenient access to nearby parks (Boorman, Nicholl, and J F Kennedy) and public transportation (AC Transit with connections to Berkeley, Emeryville, Oakland, and San Francisco), as well as the Richmond BART station. The property benefits from a strong location within a thriving East Bay community, offering proximity to San Francisco, Marin County, and the East Bay. Richmond's affordability and access to major employment centers make it an attractive destination for commuters. The property's current cap rate is 6.40%, with a pro-forma cap rate of 9.10%, indicating significant upside potential. The asking price is $4,399,000, translating to $129,382.35 per unit and $272.52 per square foot. Significant value-add potential exists through lease-up of currently vacant units (over $140,000 in annual potential rental income) and the implementation of a ratio utility billing system. This property offers a blend of strong cash flow and appreciation potential, making it an ideal investment for both income-focused and long-term growth-oriented investors.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,900,000
- 6.5%
- $3,600,000
- 7%
- $3,345,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,606,000
Market price range: $695k - $1.63M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,780,000 Current use
- AUTO REPAIR, GARAGE
- $4,170,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $3,995,000 Change: +6% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.345
- Latitude
- 37.9305
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$112,031
$2,187,291
$3,062,207
$5,249,498
-
$0.00
$0.00
$0.00
