5314 Bayview Ave A Richmond, CA 94804-4956

This exceptional 7-unit apartment building in Richmond, CA, presents a compelling investment opportunity. Located at 5314 Bayview Ave, this stabilized Class C property boasts 6,144 square feet on a 9,775 square foot lot. The building, constructed in 1966, features a desirable unit mix: one spacious 4-bedroom, 2-bathroom unit with a 2-car attached garage, and six 2-bedroom, 1-bathroom units. All units are currently 100% occupied, generating a Net Operating Income (NOI) of $121,721, with a pro-forma NOI of $132,041. The asking price is $1,850,000, representing a current cap rate of 6.62% and a pro-forma cap rate of 7.18%. Each unit includes a covered parking stall, and tenants enjoy access to on-site coin-operated laundry facilities with additional bike storage. The property's location in the Richmond Annex offers convenient access to public transportation (within a mile of the El Cerrito Del Norte BART station) and major freeways (I-580 and I-80). All units feature gas appliances, hardwood and tiled flooring, and current rents are at or near market rate. The property's strong performance and desirable location make it an attractive investment for both seasoned and new investors. The property's APN is 508-020-008-1. This is a two-story building with seven units, each with one parking space.