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Listed by Ethan Berger • NAI Northern California
$ 3,850,000
Est. payment /mo
New
147 W Richmond Ave Richmond, CA 94801
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $320
Subdivision Downtown Point
MLS Listing ID 41136892
HOA Y/N No
Year Built 1914
Lot Size 4,800 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
147 W Richmond Ave presents a rare investment opportunity to acquire a well-maintained, income-producing mixed-use asset with strong upside and classic architectural charm. This 12,000 sq ft, three-story building (with a partial basement) features five ground-floor commercial suites totaling 3,120 sq ft, providing steady retail or office income. Above, the second and third floors house 14 fully renovated residential units—including 10 one-bedroom/one-bath units and 4 two-bedroom/one-bath units—offering multiple, reliable revenue streams. The current ownership has completed a comprehensive modernization of all residential units while preserving character-rich details like exposed brick walls. Interior upgrades include new flooring throughout, stylish shaker cabinetry and solid surface countertops, updated appliance packages, contemporary bathrooms with new walk-in showers, sinks, and toilets, dual-pane windows and new entry doors, and upgraded electrical sub-panels in each unit. Common areas have also been improved with new carpeting, lighting, and windows, along with thoughtful amenities such as an indoor bike rack and a refreshed on-site coin-operated laundry room. Each unit is individually metered for gas and electricity, and tenants are billed back for a portion of shared utilities—minimizing operating costs and increasing net income.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood, Tile, Carpet
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Level
Water Public, Water District
Others
Special Listing Condition Standard
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