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563 Hayes Street 563 Hayes St

5 Unit Block of Flats £1,106,014 (£221,203/Unit) 6.06% Net Initial Yield Richmond, CA 94804

Investment Highlights

  • Excellent Location within Richmond.
  • Property in excellent condition.
  • Walking distance to BART and commercial and retail uses.

Executive Summary

The property is in excellent condition with numerous upgrades to the property. Kitchens and bathrooms are up to date, as well as windows. This property is a great opportunity in the Richmond Multifamily market. Located walking distance to Richmond City Hall, Cultural Center and Police Department. Walking distance to BART, and numerous commercial/retail uses. This location is also minutes from public transit system and Ferry service to San Francisco. There is potential to add additional units to the property as the current zoning is RM2. Property has a security gate and garages for tenants. Coin operated laundry machines at the property for additional income. Property is currently 100% occupied. OM will be provided upon request.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £1,106,014
Price Per Unit £221,203
Sale Type Investment
Net Initial Yield 6.06%
Gross Rent Multiplier 11.85
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 4,600 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1963/2022

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Walk To Campus

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 £1,729 750
3+2 1 £2,291 975
Walk Score ®
Very Walkable (88)
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
515-180-004-1
Land Assessment
£366,625 (2024)
Improvements Assessment
£413,713 (2024)
Total Assessment
£780,338 (2024)

zoning

Zoning Code RM2 (Multifamily High Density Residential)
RM2 (Multifamily High Density Residential)
  • Listing ID: 33598871

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 563 Hayes St, Richmond, CA 94804

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