470 42nd St. is a meticulously maintained apartment building located in one of the nicest residential areas in Richmond filled with owner-occupied single-family homes. The property consists of five spacious, light & bright two-bedroom, one bath townhome style apartments averaging 990 square feet each. Some offering private patios.
The local rental fundamentals and property rental history are very strong offering the new investor the opportunity to maximize returns with an immediate upside in rents with very little capital expenditure!
The property was updated in 2024 with upgraded vinyl plank and tiles flooring, appliances, elec. panels, and more.... The property also offers private garage parking along with additional off-street parking, on-site laundry for additional ancillary income with upside and best of all no balconies to worry about every six years. Just a couple of blocks to Target & Safeway Shopping, as well as local schools. 470 42nd St is a fantastic opportunity to acquire a pride of ownership property with an upside to reach a fantastic return.
Location Highlights
Located in the San Francisco Bay Area, Richmond, California, is a hidden gem that offers residents an ideal mix of natural beauty, urban amenities, and cultural experiences. Whether you're a foodie, outdoor enthusiast, history buff, or art lover, this vibrant city has something for everyone. In this article, we'll explore the top reasons why Richmond should be your next home.
One of the top reasons to live in Richmond is the abundance of parks and outdoor spaces. Point Isabel Regional Shoreline is a popular spot for dog owners and hikers, with its scenic views of the Bay and miles of trails. Miller/Knox Regional Shoreline offers picnic areas, fishing, and a swimming beach, while Wildcat Canyon Regional Park is perfect for nature lovers looking to escape the city. You can also take a stroll along the Richmond Greenway, a pedestrian and bicycle path that runs through the heart of the city.
Richmond is a food lover's paradise, with a diverse array of restaurants and cuisines to choose from. The city's melting pot of cultures is reflected in its food scene, with everything from traditional Mexican fare at Taqueria La Bamba to Korean BBQ at K-Town BBQ. For a taste of Southern comfort food, check out Home of Chicken and Waffles, or head to Salute e Vita Ristorante for Italian cuisine with a waterfront view. For something sweet, stop by Catahoula Coffee Company for a latte and a pastry.
Richmond is steeped in history and culture, with numerous landmarks and museums to explore. The Rosie the Riveter/World War II Home Front National Historical Park is a must-visit for history buffs, with exhibits and films highlighting the contributions of women and minorities during the war. The Richmond Art Center offers classes and exhibits for artists of all levels, while the Richmond Museum of History showcases the city's rich past. You can also catch a show at the Craneway Pavilion, a stunning waterfront venue that hosts concerts, trade shows, and other events.
If you love the great outdoors, Richmond is the perfect place to call home. The city's location on the Bay and proximity to the hills means you can enjoy a variety of outdoor activities year-round. Take a kayak or paddleboard out on the Bay with 101 Surf Sports or go for a bike ride along the Bay Trail. For a unique experience, check out East Brother Beer Company's kayak-in brewery, where you can paddle up to the dock and enjoy a beverage. And if you're a golfer, the Richmond Country Club offers a challenging course with stunning views of the Bay.
