147 W Richmond Ave

Point Richmond, an upscale waterfront enclave of historic buildings and cafes that looks like a movie set — is tucked amid the rolling slopes abutting the Chevron refinery, separated from the city by Highway 580 as it proceeds north to the Richmond-San Rafael Bridge, has the elements of a small town and then some. The Bay Trail through Point Richmond connects the area via hiking and biking trails for miles. Among Point Richmond’s many draws, one stands out as the most alluring: its sprawling outdoor spaces. From parks to trails, Point Richmond’s ample greenspaces have the ability to transport you from this quaint Bay Area neighborhood to a lush national forest. Miller Knox Regional Park is a popular Point Richmond destination for fishing, boating and swimming. The area became even more attractive when the San Francisco Bay Ferry began operations between Point Richmond and the San Francisco Ferry Building. Since 1978, the Point Richmond Historic District has been listed in the National Register of Historic Places. As the oldest neighborhood in Richmond, Point Richmond proudly displays historic Victorian homes, many lovingly restored to their original grandeur. Point Richmond has excellent access to public transportation, including a nearby BART station and bus, train and ferry service into San Francisco and surrounding communities. San Francisco is 35 minutes by freeway and the city of Oakland is a 20-minute drive. It also sits at the eastern footing of the San Rafael Bridge, making the shopping, dining and recreational opportunities of Marin County just a few minutes away.147 W. Richmond Ave is a beautiful brick mixed-use retail/residential complex located in historic Point Richmond. The 12,000 square foot property consists of five ground-floor commercial suites (approximately 3,120 SF), and 14 apartment units in a three-story building. Nine (9) apartment units have been renovated with fresh paint, new floors, updated bathrooms with new tile floors, toilets, walk-in showers, and new kitchens with stainless steel appliances. Each apartment unit has new entry doors and new dual-pane windows. In addition, the common areas were upgraded with fresh paint, new windows, new carpeting, and light fixtures. Current ownership also installed an interior bike rack and renovated the laundry room for tenants. The commercial units have received touch-ups as needed. Units are separately metered for PG&E and water, keeping operating expenses low for new ownership. The property has a very low vacancy history and its desirable location will continue to command high in-place rents that reflect the quality of the renovations and will ensure a turn-key investment for new ownership going forward. The property is directly facing the historic downtown Point Richmond with two grocery stores just steps from the property, as well as quaint stores, coffee shops, and restaurants. The famous pool Natatorium (Richmond Plunge) is a few blocks down the street. Residents can walk to the 100-year-old hotel Hotel Mac for happy hour, local brewery East Brother, the infamous Great American Hamburger and Pie, and the area java-powered gathering point Kaleidoscope Coffee. Washington Elementary School and playgrounds are within walking distance with awesome three bridge Bay views from the coast.