Multifamily

5114 WALL AVENUE

5114 Wall Ave, Richmond, CA 94804

Listing Price: $3,950,000

Cap Rate
5.00%
Number of Units
8
Occupancy
75.0%
Price/Unit
$493,750
Price/Gross SF
$335.60
Gross SF
11,770

Investment Overview

5114 Wall Avenue is a well-located, pride of ownership eight-unit asset located in Richmond, California. The eight-unit asset consists of eight townhomes situated on a 15,682 square foot lot. The property measures approximately 11,770 square feet in gross livable area. Constructed in 2013, 5114 Wall Avenue is not subject to State Rent Control. The spacious townhomes are well maintained and feature modern finishes and exceptional unit amenities. The eight-unit multifamily asset offers spacious and elaborate floor plans throughout. The property consists of 2 four-bedroom/three-bathroom townhomes and 6 three-bedroom/three-bathroom townhomes. Each townhome is three stories with a garage on the first floor. A central courtyard accessible by all tenants is located in the front of the property. Additional off-street parking spaces are available for resident and guest parking. 5114 Wall Avenue is located on the Richmond/El Cerrito border. Home Depot, Starbucks, Target, Safeway and popular restaurants are all within walking distance. In addition, the subject property is three blocks walking distance to Del Norte BART and in close proximity to the highway 80 on-ramp offering residents a short commute to the nation’s top employers. Building amenities include in-unit washer/dryers, dishwashers, central heating, separate water heater, and large spacious floor plans. All units feature balconies on the second and third floors. The kitchens feature stainless steel appliances, and built-in microwaves. This investment offers investors the rare opportunity to acquire a non-rent control asset in a convenient neighborhood.

Investment Highlights

  • Not Subject To Rent Control (Certificate of Occupancy Issued 2013)
  • Commercial Mixed-Use Zoning. Bottom Floor Can Be Retail, Office, or Light Industrial.
  • Blocks From BART, Bus, and Freeway
  • Three-Story Townhouse Units, Gated Courtyard, Ample Parking, Central Heating, In-Unit Laundry + Dishwashers, and Separate Water Heaters

Exclusively Listed By

Listing Price: $3,950,000

Cap Rate
5.00%
Number of Units
8
Occupancy
75.0%
Price/Unit
$493,750
Price/Gross SF
$335.60
Gross SF
11,770

Investment Highlights

  • Not Subject To Rent Control (Certificate of Occupancy Issued 2013)
  • Commercial Mixed-Use Zoning. Bottom Floor Can Be Retail, Office, or Light Industrial.
  • Blocks From BART, Bus, and Freeway
  • Three-Story Townhouse Units, Gated Courtyard, Ample Parking, Central Heating, In-Unit Laundry + Dishwashers, and Separate Water Heaters

Investment Overview

5114 Wall Avenue is a well-located, pride of ownership eight-unit asset located in Richmond, California. The eight-unit asset consists of eight townhomes situated on a 15,682 square foot lot. The property measures approximately 11,770 square feet in gross livable area. Constructed in 2013, 5114 Wall Avenue is not subject to State Rent Control. The spacious townhomes are well maintained and feature modern finishes and exceptional unit amenities. The eight-unit multifamily asset offers spacious and elaborate floor plans throughout. The property consists of 2 four-bedroom/three-bathroom townhomes and 6 three-bedroom/three-bathroom townhomes. Each townhome is three stories with a garage on the first floor. A central courtyard accessible by all tenants is located in the front of the property. Additional off-street parking spaces are available for resident and guest parking. 5114 Wall Avenue is located on the Richmond/El Cerrito border. Home Depot, Starbucks, Target, Safeway and popular restaurants are all within walking distance. In addition, the subject property is three blocks walking distance to Del Norte BART and in close proximity to the highway 80 on-ramp offering residents a short commute to the nation’s top employers. Building amenities include in-unit washer/dryers, dishwashers, central heating, separate water heater, and large spacious floor plans. All units feature balconies on the second and third floors. The kitchens feature stainless steel appliances, and built-in microwaves. This investment offers investors the rare opportunity to acquire a non-rent control asset in a convenient neighborhood.

Exclusively Listed By

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