4140 Fran Way Condominiums 4140 Fran Way

4140 Fran Way Condominiums presents an exceptionally rare opportunity to acquire an entire 12-unit condominium complex located on the Richmond/El Sobrante in close proximity to major everyday retailers. All units feature updated interiors, in-unit laundry, private balconies, and a dedicated 1-car garage, providing modern conveniences that appeal to tenants and potential homebuyers. Situated
in the Richmond/Martinez submarket, known for one of the lowest vacancy rates in the East Bay, this property is ideally positioned for long-term cashflow stability.
Originally a multifamily apartment building, the units were converted to condominiums in 2018 providing investors with the potential for future value appreciation. The new ownership can capitalize on the option to sell units individually over time, leveraging a strategic exit plan. The complex benefits from an established Homeowner’s Association that maintains the common areas.
The complex is short distance from essential everyday retailers including Walmart, Target & Grocery Outlet, providing essential convenience for residents. Additionally, the surrounding area is poised for transformation with the upcoming Hilltop Horizon Specific Plan, which will turn 143 acres into a mixed-use destination featuring residential and retail spaces. This future development further strengthens the
property's investment potential.
Investors will also appreciate the flexibility of financing options, with the property qualifying for both Residential Portfolio and Commercial Multifamily financing. Seller Financing is also available.
The offering is a unique opportunity for investors seeking a turnkey asset in a high- demand market with significant upside potential. The combination of modernized units, strategic location near major retailers, and future development in the area makes this property a solid investment for both immediate cash flow and long-term appreciation. With flexible financing options and the potential for individual
unit sales, this 12-unit condominium complex is ideally positioned for savvy investors looking to secure a profitable and low-maintenance asset in the emerging Richmond/El Sobrante area.