5314 Bayview Ave
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5314 Bayview Ave
7 Unit Apartment Building $2,601,840 CAD ($371,691 CAD/Unit) 6.62% Cap Rate Richmond, CA 94804
Investment Highlights
- 5314 Bayview Avenue is an exceptional apartment complex offering near-market rents in place and immediate showings available.
- Diverse mix of six two-bed, one-bath units and one four-bedroom two-bath unit with an attached garage, in-unit laundry, and forced air HVAC.
- Add value through operational cost reductions and cosmetic enhancements to elevate the property’s appeal and rental income.
- Excellent Richmond Annex location with easy access to Interstates 80 and 580, with the Del Norte BART station just 1 mile away.
Executive Summary
NAI Global represents a highly motivated seller offering a rare investment opportunity in the Richmond Annex location. 5314 Bayview Avenue is a multifamily asset consisting of a total of seven units across 6,144 square feet.
The front building is a four-bedroom, two-bathroom unit with an attached two-car garage. The rear two buildings house six two-bedroom, one-bathroom units. The property has limited deferred maintenance, and all rents are near market rate.
All units feature a gas oven/range, refrigerator, freezer, gas wall furnace, hardwood flooring in the living area and bedrooms, and tiled flooring in the kitchens and bedrooms. Additionally, all units have one covered assigned parking stall, and tenants have access to the on-site coin-operated laundry facilities, which also provide space for bike storage.
Richmond Annex offers easy access to major highways like Interstate 80, which makes commuting to Oakland, Berkeley, and San Francisco more convenient, especially for those who work in the city but prefer suburban living. The Richmond Annex is also close to the Richmond Parkway and the Richmond BART station, making it easy for residents to access public transportation. The neighborhood encompasses many grocery stores, boutique shops, local restaurants, and coffee shop options. The surrounding area feels like a quiet, suburban enclave with access to all the Bay Area offers.
The front building is a four-bedroom, two-bathroom unit with an attached two-car garage. The rear two buildings house six two-bedroom, one-bathroom units. The property has limited deferred maintenance, and all rents are near market rate.
All units feature a gas oven/range, refrigerator, freezer, gas wall furnace, hardwood flooring in the living area and bedrooms, and tiled flooring in the kitchens and bedrooms. Additionally, all units have one covered assigned parking stall, and tenants have access to the on-site coin-operated laundry facilities, which also provide space for bike storage.
Richmond Annex offers easy access to major highways like Interstate 80, which makes commuting to Oakland, Berkeley, and San Francisco more convenient, especially for those who work in the city but prefer suburban living. The Richmond Annex is also close to the Richmond Parkway and the Richmond BART station, making it easy for residents to access public transportation. The neighborhood encompasses many grocery stores, boutique shops, local restaurants, and coffee shop options. The surrounding area feels like a quiet, suburban enclave with access to all the Bay Area offers.
Property Facts
| Price | $2,601,840 CAD | Apartment Style | Low Rise |
| Price Per Unit | $371,691 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.62% | Building Size | 6,144 SF |
| Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Price | $2,601,840 CAD |
| Price Per Unit | $371,691 CAD |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,144 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 1.14/1,000 SF |
Unit Amenities
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Double Pane Windows
- Freezer
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 795 |
| 3+2 | 1 | - | 1,700 |
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Little Caesars | - | - | 13 min walk |
| Denny's | American | - | 14 min walk |
| Starbucks | Cafe | $ | 15 min walk |
| Subway | - | - | 15 min walk |
| IHOP | - | - | 15 min walk |
| Church's Chicken | - | - | 16 min walk |
| Wienerschnitzel | - | - | 17 min walk |
| Jack In The Box | - | - | 17 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 15 min walk |
| Pet Food Express | Pet Shop/Supplies | 15 min walk |
| Supercuts | Salon/Barber/Spa | 15 min walk |
| T-Mobile | Wireless Communications | 15 min walk |
| Ross Dress for Less | Other Retail | 15 min walk |
| Safeway | Supermarket | 17 min walk |
| Harbor Freight Tools | Hardware | 18 min walk |
Hotels |
|
|---|---|
| DoubleTree by Hilton |
378 rooms
9 min drive
|
| Holiday Inn Express |
86 rooms
8 min drive
|
| Hilton Garden Inn |
303 rooms
9 min drive
|
| Four Points by Sheraton |
153 rooms
10 min drive
|
| Hyatt Place |
175 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 508-020-008-1 | Improvements Assessment | $965,214 CAD |
| Land Assessment | $525,518 CAD | Total Assessment | $1,490,732 CAD |
PROPERTY TAXES
Parcel Number
508-020-008-1
Land Assessment
$525,518 CAD
Improvements Assessment
$965,214 CAD
Total Assessment
$1,490,732 CAD
Sale Advisors
Sale Advisors
Ethan Berger, Senior Vice President
(510) 972-4952
Contact
Ethan began his career in 2009 as a member of the Contra Costa & Solano multifamily brokerage team at NAI representing buyers and sellers of multifamily properties. He quickly gained a reputation of reliability and distinction after selling a number of buildings for record prices while delivering attentive service to his clients. Recently he was named Senior Vice President of NAI Northern California Multifamily investments.
Since joining NAI, Berger has been involved in a number of record setting transactions in cities throughout Contra Costa and Solano Counties, including Richmond, Concord, Martinez, Antioch and Pleasant Hill. His reputation as a dedicated, aggressive, and client-centric sales professional is evident in his successes and the relationships he has forged.
Berger is an active member of the Contra Costa/Solano County chapter of the California Apartment Association, and has served the board of directors of the Camelback North II apartments in Pleasant Hill. He has lived in Contra Costa County for 30 years and has a wide breadth of knowledge of all Contra Costa and Solano County cities and sub-markets, and has experience as a Buyer, Seller, and owner of multifamily property.
Since joining NAI, Berger has been involved in a number of record setting transactions in cities throughout Contra Costa and Solano Counties, including Richmond, Concord, Martinez, Antioch and Pleasant Hill. His reputation as a dedicated, aggressive, and client-centric sales professional is evident in his successes and the relationships he has forged.
Berger is an active member of the Contra Costa/Solano County chapter of the California Apartment Association, and has served the board of directors of the Camelback North II apartments in Pleasant Hill. He has lived in Contra Costa County for 30 years and has a wide breadth of knowledge of all Contra Costa and Solano County cities and sub-markets, and has experience as a Buyer, Seller, and owner of multifamily property.
Marco McMullen, Investment Advisor
(510) 847-1004
Contact
Marco McMullen joins NAI Northern California as an investment analyst in the Oakland office. He was formerly a Broker & Leasing Intern at JLL and a Marketing & Sales Strategist at BeMotorized. Marco plans to build a strong, long career in commercial real estate with the hope that he can teach others how to achieve the same success, which is a passion of his.
Marco is from El Cerrito, California, and currently lives in Berkeley, California. He went to El Cerrito High School; studied economics at Los Medanos Community College, where he was president of the student body and graduated with honors; and attended UC Berkeley, where he got his B.A. in political economy and was a part of the Undergraduate Real Estate Club. He also worked as a baseball coach and cooking instructor, and enjoys hiking, backpacking, camping, snowboarding, paintballing, reading about personal finance and sales, traveling, concerts, and spending time with friends and family.
Marco is from El Cerrito, California, and currently lives in Berkeley, California. He went to El Cerrito High School; studied economics at Los Medanos Community College, where he was president of the student body and graduated with honors; and attended UC Berkeley, where he got his B.A. in political economy and was a part of the Undergraduate Real Estate Club. He also worked as a baseball coach and cooking instructor, and enjoys hiking, backpacking, camping, snowboarding, paintballing, reading about personal finance and sales, traveling, concerts, and spending time with friends and family.
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Ethan Berger -
Marco McMullen -
NAI Northern California
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