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.
Details
| MLS # | 41149226 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1964 |
| Days On Site | 40 |
| Listing Provided By | Christie's Int'l RE Sereno | Brandon Payton |
Features
| Units | 6 |
|---|---|
| Acreage | 0.18 |
Interior
| Heating | Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Brick, Stucco |
| Lot Features | Street Level |
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94804 |
| Community Name | RICHMOND |
| Listing VS Median (in RICHMOND) | |
Price: $1,100,000 low | high Med: $545,000 On site: 40 low | high Med: 21 | |
Market Activity 94804
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94804 |
| Community Name | RICHMOND |
| Listing VS Median (in RICHMOND) | |
Price: $1,100,000 low | high Med: $545,000 On site: 40 low | high Med: 21 | |
