4-Units | Richmond

Welcome to North Richmond, an area brimming with untapped potential and promising investment opportunities for astute real estate investors. Nestled in the vibrant East Bay region of California, North Richmond offers a unique blend of urban convenience and natural beauty, making it an ideal destination for those seeking to invest in apartment buildings. With its strategic location near major metropolitan areas such as San Francisco and Oakland, North Richmond presents investors with the perfect balance of accessibility and affordability in the competitive real estate market. Investing in apartment buildings in North Richmond means tapping into a dynamic rental market fueled by a diverse population and a burgeoning economy. The area's proximity to key employment centers, educational institutions, and transportation hubs ensures a steady demand for rental properties. From young professionals seeking modern, amenity-rich living spaces to families in search of affordable housing options with access to parks and recreational amenities, North Richmond caters to a wide range of tenant preferences. With its strong rental market fundamentals and potential for long-term growth, North Richmond represents a lucrative opportunity for investors looking to expand their real estate portfolios. Beyond its economic prospects, North Richmond boasts a rich cultural heritage, vibrant community spirit, and a plethora of outdoor recreational activities. Residents and tenants can explore the area's scenic trails, waterfront parks, and local attractions, fostering a sense of belonging and community engagement. By investing in apartment buildings in North Richmond, investors not only stand to benefit financially but also contribute to the area's ongoing revitalization and development, making a positive impact on the region's growth and prosperity for years to come. Scores Walk Score - 57 Transit Score - 37 Bike Score - 51701 Alamo Avenue presents an exceptional opportunity to acquire a well-maintained four-unit investment property offering strong and stable cash flow. The building generates $8,800 per month in rent, translating to an annual gross income of $105,600, providing immediate and consistent returns for investors seeking reliable performance in a growing submarket. The property features a desirable and balanced unit mix with (2) two-bedroom, one-bath units and (2) three-bedroom, one-bath units, appealing to a wide range of tenants. With 2,928 square feet of total living area situated on a 5,000-square-foot lot, each unit averages over 700 square feet of comfortable, well-proportioned living space — a rare combination of size and efficiency that supports strong tenant retention. Situated on a prime corner lot, the property benefits from excellent street presence, abundant natural light, and convenient access. It is also ideally located directly across from Shields-Reid Park, which is nearing completion of an $8 million renovation. The revitalized park will feature new recreation facilities and community spaces, further enhancing neighborhood appeal and long-term value for residents and investors alike. Each unit is individually metered for gas, electric, and water, allowing for lower operating costs and greater management flexibility. The property also offers off-street parking for four vehicles, a highly desirable amenity in the area that adds to tenant convenience and overall demand.