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Multifamily

Van Fleet Ave

Van Fleet Ave, Richmond, CA 94804

Listing Price: $2,500,000

Cap Rate
4.65%
Number of Units
7
Occupancy
97.0%
Price/Unit
$357,143
Price/Gross SF
$416.88
Gross SF
5,997

Investment Overview

5304 Van Fleet Ave is a stunning 7-unit apartment community located in thriving Richmond, California. Situated on a parcel of land totaling 8,665 square feet, the subject property was originally constructed in 1965 and has a gross building area of approximately 5,997 square feet, offering its tenants beautifully designed large two-bedroom and three-bedroom floor plans.    Located on the border of Richmond, 5304 Van Fleet Ave offers tenants and residents close proximity to Oakland, San Francisco and Marin County. The subject property provides tenants with convenient access to the East Bay, a major hub for employment. Many of the nation's top tech employers such as Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn, as well as several others are within close proximity to the subject property through convenient transportation corridors. Tenants and residents enjoy easy access to these transportation corridors including the Richmond-San Rafael Bridge, Interstate 80 and Interstate 580. The investment appeal of this asset is driven by the Bay Area's strong employment fundamentals and low vacancy levels. 5304 Van Fleet Ave presents the rare opportunity to acquire a stunning apartment complex due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity to Acquire a Stunning Asset Located in Richmond, California
  • Desirable Unit Mix - 5304 Van Fleet Ave Offers Tenants and Residents with Beautifully Designed Two-Bedroom and Three-Bedroom Floor Plans
  • Excellent Transportation Corridors - Subject Property Provides Tenants and Residents with Convenient Access to the Richmond-San Rafael Bridge, Interstate 80 and Interstate 580 as well as many others
  • Close Proximity to Employment Base - Many of the Nation's Top Tech Employers Including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn, as well as Several Others are Within Close Proximity to the Subject Property Through Convenient Transportation Corridors 

Exclusively Listed By

Multifamily

Van Fleet Ave

Listing Price: $2,500,000

Cap Rate
4.65%
Number of Units
7
Occupancy
97.0%
Price/Unit
$357,143
Price/Gross SF
$416.88
Gross SF
5,997

Investment Highlights

  • Tremendous Investment Opportunity to Acquire a Stunning Asset Located in Richmond, California
  • Desirable Unit Mix - 5304 Van Fleet Ave Offers Tenants and Residents with Beautifully Designed Two-Bedroom and Three-Bedroom Floor Plans
  • Excellent Transportation Corridors - Subject Property Provides Tenants and Residents with Convenient Access to the Richmond-San Rafael Bridge, Interstate 80 and Interstate 580 as well as many others
  • Close Proximity to Employment Base - Many of the Nation's Top Tech Employers Including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn, as well as Several Others are Within Close Proximity to the Subject Property Through Convenient Transportation Corridors 

Investment Overview

5304 Van Fleet Ave is a stunning 7-unit apartment community located in thriving Richmond, California. Situated on a parcel of land totaling 8,665 square feet, the subject property was originally constructed in 1965 and has a gross building area of approximately 5,997 square feet, offering its tenants beautifully designed large two-bedroom and three-bedroom floor plans.    Located on the border of Richmond, 5304 Van Fleet Ave offers tenants and residents close proximity to Oakland, San Francisco and Marin County. The subject property provides tenants with convenient access to the East Bay, a major hub for employment. Many of the nation's top tech employers such as Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn, as well as several others are within close proximity to the subject property through convenient transportation corridors. Tenants and residents enjoy easy access to these transportation corridors including the Richmond-San Rafael Bridge, Interstate 80 and Interstate 580. The investment appeal of this asset is driven by the Bay Area's strong employment fundamentals and low vacancy levels. 5304 Van Fleet Ave presents the rare opportunity to acquire a stunning apartment complex due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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