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Listed by Christie's Int'l RE Sereno
$ 1,100,000
Est. payment | /mo
5,192 SqFt
$ 1,100,000
Est. payment | /mo
5,192 SqFt
Open House
Fri Oct 16, 11:00am - 12:00pm
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $211
Subdivision Richmond
MLS Listing ID 41149226
HOA Y/N No
Year Built 1964
Lot Size 8,010 Sqft
Property Sub-Type Apt Complex
Source BAY EAST
Property Description
512 S 16th Street is a rare opportunity to acquire a secure, upgraded, and income-generating 6-unit apartment complex with both immediate cash flow and long-term appreciation potential. This well-maintained building features 5 renovated 2BD/1BA units at approximately 820 sq ft, plus Unit #2 offering an additional bonus room for flexible use. All units are tenant-occupied, each equipped with a Ring doorbell, a dedicated carport, and owner-paid water & garbage. The property offers gated pedestrian and vehicle access, 8 exterior security cameras, an on-site laundry room with 2 washers/2 dryers and private outdoor space for tenant use. With modern upgrades, stable tenancy, and a desirable unit mix, this asset provides a strong foundation for expanding your portfolio or entering the East Bay multifamily space.
Location
State CA
County Contra Costa
Interior
Heating Natural Gas
Cooling Room Air
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Dryer, Washer
Laundry Dryer, Laundry Room, Washer
Building
Lot Description Level
Water Public
Nearby Locations
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