147 W Richmond Ave, Richmond, CA, 94801

Highlights

• Affluent Demographics: Within a 0.3-mile radius, the average household income is over $182K and average home value is $1.24M.
• Modern Renovations: The property features fully updated interiors, including new flooring, cabinetry, countertops, appliances, bathrooms, windows, doors, and electrical panels.
• Diverse Income Streams: Includes five commercial suites and 14 renovated residential units (10 one-bed/one-bath, 4 two-bed/one-bath), plus an on-site laundry facility.
• Excellent Location & Connectivity: Convenient access to San Francisco (35 min), Oakland (20 min), and Marin County via the San Rafael Bridge; also near the Richmond ferry terminal.
• Prime Point Richmond Setting: Walkable neighborhood (Walk Score 82) near shops, restaurants, galleries, and amenities.

Description

Located in a thriving East Bay waterfront community, 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.

This is a turnkey asset in an attractive location with strong tenant demand and long-term appreciation potential. Whether you’re a seasoned investor or expanding your portfolio, 147 W Richmond Ave offers a compelling blend of location, quality, and cash flow.

Nestled along the sparkling waters of the Bay, Point Richmond is an upscale enclave known for its historic charm, scenic views, and laid-back atmosphere. With its collection of Victorian homes, charming cafes, and rolling hills, this neighborhood offers the perfect balance of small-town serenity and proximity to big-city amenities, making it one of the most desirable communities in the East Bay.
In addition to its picturesque setting, Point Richmond offers quick access to surrounding areas, with San Francisco just 35 minutes away by freeway, and Oakland a mere 20-minute drive. It also sits at the eastern foot of the San Rafael Bridge, connecting residents to the shopping, dining, and recreation of Marin County. Additionally the property is a short distance from the Richmond ferry terminal offering ferry service to the San Francisco Ferry Building, making commuting to San Francisco a breeze.