This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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!

Property Facts

Price £662,826
Price Per Unit £165,707
Sale Type Investment
Net Initial Yield 8.17%
Gross Rent Multiplier 8.84
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Building Size 3,054 SF
Number of Floors 2
Year Built 1953
Parking Ratio 1.31/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 - -
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33675829

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 143 19th St, Richmond, CA 94801

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}