Property Overview:
5314 Bayview Ave is a multifamily investment property located in the Richmond Annex neighborhood of Richmond, CA. The property consists of 7 units across three buildings on a 0.22-acre lot (approx. 6,144 sq. ft. total building area). The front building is a 4-bedroom, 2-bathroom unit with an attached 2-car garage. The rear two buildings contain six 2-bedroom, 1-bathroom units. The property is well maintained with rents near market rate and limited deferred maintenance. List price: $1,995,000.
Neighborhood Highlights:
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Desirable Location:
- Situated in the Richmond Annex, one of the city’s most sought-after neighborhoods.
- Quiet, suburban feel with easy access to the Bay Area.
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Transportation:
- I-580 and I-80 on/off ramps within 0.5 miles.
- El Cerrito Del Norte BART station is 1 mile away.
- San Pablo Ave (major thoroughfare) is a few blocks west, offering dining, retail, and entertainment.
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Views:
- Built into a natural rise; select units enjoy unobstructed bay views.
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Amenities Nearby:
- Close to grocery stores, boutique shops, restaurants, and coffee shops.
- 13 minutes to UC Berkeley, 5 minutes to Costco, 7 minutes to El Cerrito Plaza.
Property Features:
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Unit Mix:
- 1 x 4-bed, 2-bath unit (front building, with 2-car garage)
- 6 x 2-bed, 1-bath units (rear buildings)
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Interior Features:
- Gas oven/range, refrigerator, freezer, gas wall furnace in all units
- Hardwood flooring in living areas and bedrooms
- Tiled flooring in kitchens and bathrooms
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Parking & Storage:
- 1 covered assigned parking stall per unit
- On-site coin-operated laundry with bike storage
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Utilities:
- Some listings note owner pays all utilities (verify for each unit)
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Other:
- No HOA fees
- Zoned RM1 (multifamily residential)
Investment Highlights:
- Well-managed with limited deferred maintenance
- Rents near market rate
- Highly motivated seller – bring all offers!
- Attractive for investors seeking stable income in a strong rental market
Location Benefits:
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Commuter-friendly:
- Quick access to major highways and public transit
- Easy commute to Oakland, Berkeley, and San Francisco
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Lifestyle:
- Safe, quiet neighborhood
- Family-friendly and close to amenities
- Bay views from select units
MLS #EB41044336
Brokerage: Berger & Associates / NAI Global
Last Updated: 10/11/2024