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$ 1,120,000
Est. payment /mo
New
512 S 16th St Richmond, CA 94804
5,192 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $215
Subdivision Richmond
MLS Listing ID 41149226
HOA Y/N No
Year Built 1964
Lot Size 8,010 Sqft
Acres 0.18
Property Sub-Type Apt Complex
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
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Room Air
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Dryer, Gas Water Heater, Washer
Laundry Dryer, Laundry Room, Washer
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5442720164
Virtual Tour https://512s16thSt.com/idx
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Listed by Brandon Payton • Christie's Int'l RE Sereno