315 25th St Richmond, CA 94804-1770
- Retail space
- 13,518 SF
- 0.11 lot acres
Aug 18, 2023
Current Use by Public Records
- PAUL Garage Door Repair / Building Supply / General Contractor
Property Details for 315 25th St
- Year built
- 1912
- Construction
- BRICK
- Lot size
- 0.11 lot acres
- Property size
- 13,518 SF
- Zone code
- CMCD
- Property type
- Retail space
- APN
- 515-261-004-3
- APU
- 5152610043
Description
This exceptional mixed-use property, located at 315 25th Street in Richmond, California, presents a compelling investment opportunity. The 14,418 square foot building boasts 18 residential units – a mix of nine studios and nine one-bedroom apartments – and two prime commercial spaces on the ground floor. Built in 1920, this Class C property sits on a 0.11-acre lot and is currently offered at $3,940,000, representing a price per unit of $197,000 and a 5.93% capitalization rate. Its strategic location in Contra Costa County places it adjacent to the Richmond Civic Center, senior housing, and a senior center, ensuring high visibility and strong community ties. The property benefits from excellent access to public transportation, with proximity to the El Cerrito and Richmond BART stations, and major highway arteries (80, 580, and 4) providing easy connectivity throughout the Bay Area. The combination of residential and commercial spaces creates a diversified income stream, while the unit mix caters to a broad range of tenant needs. The ground floor commercial spaces offer high foot traffic and visibility, making them attractive to a variety of businesses. This property is an ideal investment for those seeking a blend of residential and commercial income in a thriving Bay Area location. The property's strong location and diverse income streams make it a highly attractive investment opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,466,000
- AI Estimate
- $1,058,000
Market price range: $1.25M - $2.49MMarket price range: $718k - $2.04M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,970,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.346
- Latitude
- 37.9357
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA