6000 Bayview Ave Richmond, CA 94804

This exceptional investment opportunity presents a well-maintained five-unit apartment building situated in Richmond Annex, California, at 6000 Bayview Ave, zip code 94804. The property boasts a total of 3,431 square feet and sits on a 0.19-acre lot. Built in 1975, the property comprises two structures, with some units recently remodeled. The building offers five parking spaces, including three garages, providing ample parking for all residents. A private backyard adds to the property's appeal. The property is sewer compliant and located within the El Cerrito school district. Currently generating a Net Operating Income (NOI) of $84,090, this translates to a compelling 5.80% capitalization rate and a price per square foot of $423. The asking price is $1,450,000. Some units are currently rented at market rate, while others are below market, presenting a significant opportunity to increase revenue. Detailed inspection reports are available upon request. This is a prime investment opportunity with excellent upside potential in a desirable location.