WORLDBID AUCTION – 14 UNIT APARTMENT COMPLEX
529 21st Street | Richmond, CA 94801
Investment Highlights
- Trustee Sale
- 14 unit Apartment Complex
- Single Building Complex
- Parking spaces 14 on-site spaces
- On site laundry
- 24-Hour access
- Below market rents with upside
- Unit have Heating
- All units subject to long term tenants under rent control
Excellent Location
Richmond/Belding Woods
Belding Woods is a low-key suburban community right in the heart of Richmond. The neighborhood is almost entirely residential, with small corner grocery stores and locally-owned restaurants along 23rd Street and scattered among the blocks of houses. The cost of living is relatively low for the location, and rent tends to be quite affordable as well.
The NIAD Art Center, Richmond Art Center, and Richmond Auditorium are nearby, helping feed the community’s cultural appetites. Kaiser Permanente Richmond Medical Center is just a few blocks away, making Belding Woods a great location for healthcare professionals. Amtrak and BART rail service are both available from Richmond Station at the southwest corner of the neighborhood, putting the entire Bay Area (and beyond) at your fingertips, even without the use of a personal vehicle.
Strong Unit Mix
The Apartments Complex features 14 apartments in single buildings.
(14) 1 bedroom/1 bathroom apartments
Complex Amenities
The Apartment Complex has 14-On site parking spaces.
Unit Amenities
Tub/shower, carpet flooring, high speed internet access
Kitchen Features & Appliances
Kitchens have a refrigerator, and long term tenants
Secure Investment Opportunity
Rental upside through strategic renovations of units and operational efficiencies. All units subject to Rent control
Investment Overview
- Property Address: 529 21st Street, Richmond, CA 94801
- APN: 514-200-009-9
- Lot Size: 8,437 SF
- Total Building Square Footage: 8,180 SF
- Zoning: RM2
- Units: 14
- Building: 2 Story
- # of Buildings: 1
- Year Built: 1965
- 1 Bedroom / 1 Bathroom Apts: 14
- All Rent Control: 14
- Total Rooms: 42
- Total Bedrooms: 14
- Total Bathrooms: 14
- Parking: 14 on site parking spaces
- Parking Spaces: 1.00 Per Unit
FINANCIAL INFORMATION
- 2022 – Gross Income: $166,186
- 2023 – Gross Income: $153,014
- 2024 – Gross Income: $171,676
- NO RESERVE – WILL SELL TO THE HIGHEST BIDDER
- SUGGESTED STARTING BID: $800,000
- APPRAISED FOR $1,895,000
- PRE AUCTION BIDS DUE NOW THRU OCTOBER 6TH, 2025
- BIDS DUE PRIOR TO OR ON OCTOBER 22ND, 2025 NOON PT
