400 28th Avenue

$3,195,000

Central Richmond

400 28th Avenue consists of 12 units and 11 car parking located at the corner of 28th Avenue and Clement in the Central Richmond. The property was seismically retrofitted (2014), has updated fire alarms(2024), and had the underground storage tank removed. The former boiler has been replaced with two 100-gallon hot water heaters and electric heaters.

The apartments consist of six (6) 1-bedroom units and six (6) studio units. Two studios and two parking spots will be delivered vacant.

400 28th Avenue offers investors a clean, easy-to-manage asset in a great
neighborhood with cash flow and upside.

GRM:

11.82

PRICE/FOOT:

$391

CAP RATE:

5.72%

PRICE/UNIT:

$275,000

Square Feet:

8,436

Status Date:

4/10/2024

Units:

12

Status:

Available

JohnAntonini-Headshot
ANTONINISF-LOGO

Senior Vice President
Mobile: 415.794.9510
john@antoninisf.com

John Antonini is a commercial agent who represents clients in the sale and purchase of residential investment property in San Francisco. Since 2007, he has a built a proven track record of adding-value for Buyers and Sellers of SF apartment, mixed-use and commercial transactions.