19th St. Fourplex | 143 19th St
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19th St. Fourplex 143 19th St
4 Unit Block of Flats £662,826 (£165,707/Unit) 8.17% Net Initial Yield Richmond, CA 94801
Investment Highlights
- Rare Opportunity to Acquire an Asset w/ Three Vacant Units that can be Renovated and then Leased at Market Rate Rents
- Perfect for Investors Looking to Increase Property Value Through Renovations, ADUs, or Monetizing Amenities.
- Amenities Include a Shared Laundry Facility and a Private Off-Street Carport Boasting a 1:1 Parking Ratio w/ Additional Storage for Each Tenant
- Prime Richmond Location, Near Del Norte and Richmond BART, 880 freeway, Richmond Bridge, and Richmond Marina
Executive Summary
Located in the heart of Richmond, 143 19th Street presents a rare investment opportunity featuring four 2-bedroom, 1-bath units on a 5,625 SF lot. With three vacant units primed for renovation, investors can upgrade and lease at market rates, maximizing returns. Tenants cover water and PG&E, while the owner handles trash and building water expenses, making for streamlined management. The property includes a shared laundry facility and a private off-street carport with a 1:1 parking ratio and additional storage space. Conveniently situated near Del Norte and Richmond BART stations, the 880 freeway, Richmond Bridge, and Richmond Marina, this location offers easy access to transportation and local amenities—ideal for both new and seasoned investors.
Nestled in Richmond, California, the City Central neighborhood exudes a small-town, old-school charm within the vibrant Bay Area. As a historic naval town just north of Berkeley, Richmond has managed to avoid the steep price hikes seen in nearby cities like Oakland. City Central's rich cultural diversity is reflected in its array of restaurants and parks, providing residents with ample amenities close at hand. Conveniently located in the heart of Richmond, less than a mile north of Marina Bay and the Rosie the Riveter/World War II Home Front Historical Park, City Central offers easy access to the waterfront and breathtaking panoramic views along the Richmond Bay Trail. Its prime location ensures that residents can effortlessly reach Oakland, Berkeley, and other Bay Area destinations. Easy commute location and just minutes from Del Norte and Richmond BART, 880 freeway, Richmond bridge, Richmond Marina, nearby shopping and more!
Nestled in Richmond, California, the City Central neighborhood exudes a small-town, old-school charm within the vibrant Bay Area. As a historic naval town just north of Berkeley, Richmond has managed to avoid the steep price hikes seen in nearby cities like Oakland. City Central's rich cultural diversity is reflected in its array of restaurants and parks, providing residents with ample amenities close at hand. Conveniently located in the heart of Richmond, less than a mile north of Marina Bay and the Rosie the Riveter/World War II Home Front Historical Park, City Central offers easy access to the waterfront and breathtaking panoramic views along the Richmond Bay Trail. Its prime location ensures that residents can effortlessly reach Oakland, Berkeley, and other Bay Area destinations. Easy commute location and just minutes from Del Norte and Richmond BART, 880 freeway, Richmond bridge, Richmond Marina, nearby shopping and more!
Property Facts
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 4 | - | - |
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
Parcel Number | 540-210-010-0 | Improvements Assessment | £389,036 |
Land Assessment | £193,466 | Total Assessment | £582,502 |
PROPERTY TAXES
Parcel Number
540-210-010-0
Land Assessment
£193,466
Improvements Assessment
£389,036
Total Assessment
£582,502
zoning
Zoning Code | Residential/Quadruplex |
Residential/Quadruplex |
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19th St. Fourplex | 143 19th St
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