6000 Bayview Ave
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6000 Bayview Ave
5 Unit Apartment Building $1,450,000 ($290,000/Unit) 5.80% Cap Rate Richmond, CA 94804
Investment Highlights
- Well maintained, low maintenance
- Parking for all units
- Backyard
- Some units remodeled
- Laundry room
- close to San Pablo shops and restaurants, EZ access to public transportation and freeway
Executive Summary
Well kept Richmond Annex 5 unit property in 2 structures with some units recently remodeled. Built in 1974 according to public record. Parking for all units. 3 garages. Backyard. Sewer compliant. Some units at market, some are not, allowing for some upside potential. Property qualified for El Cerrito school district. Inspection reports available. Great investment opportunity!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,440
|
$41.06
|
| Other Income |
$2,400
|
$0.79
|
| Vacancy Loss |
$1,240
|
$0.41
|
| Effective Gross Income |
$125,600
|
$41.44
|
| Taxes |
$20,000
|
$6.60
|
| Operating Expenses |
$21,500
|
$7.09
|
| Total Expenses |
$41,500
|
$13.69
|
| Net Operating Income |
$84,100
|
$27.75
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $124,440 |
| Annual Per SF | $41.06 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.79 |
| Vacancy Loss | |
|---|---|
| Annual | $1,240 |
| Annual Per SF | $0.41 |
| Effective Gross Income | |
|---|---|
| Annual | $125,600 |
| Annual Per SF | $41.44 |
| Taxes | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $6.60 |
| Operating Expenses | |
|---|---|
| Annual | $21,500 |
| Annual Per SF | $7.09 |
| Total Expenses | |
|---|---|
| Annual | $41,500 |
| Annual Per SF | $13.69 |
| Net Operating Income | |
|---|---|
| Annual | $84,100 |
| Annual Per SF | $27.75 |
Property Facts
| Price | $1,450,000 | Apartment Style | Low Rise |
| Price Per Unit | $290,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.80% | Building Size | 3,031 SF |
| Gross Rent Multiplier | 11.47 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Price | $1,450,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 11.47 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,031 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.98/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,174 | 700 |
| 3+1 | 1 | $2,065 | 800 |
| 1+1 | 1 | $1,474 | 600 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 508-350-012-3 | Total Assessment | $1,039,983 (2024) |
| Land Assessment | $509,379 (2024) | Annual Taxes | $20,000 ($6.60/SF) |
| Improvements Assessment | $530,604 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
508-350-012-3
Land Assessment
$509,379 (2024)
Improvements Assessment
$530,604 (2024)
Total Assessment
$1,039,983 (2024)
Annual Taxes
$20,000 ($6.60/SF)
Tax Year
2023
zoning
| Zoning Code | R2 |
| R2 |
-
Kim Marienthal -
Coldwell Banker Commercial NRT
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6000 Bayview Ave
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