105-111 Richland Avenue is an eight unit investment opportunity in Bernal Heights. The property consists of six spacious and charming apartments and two commercial spaces. The residential unit mix includes four one-bedroom apartments and two studios, featuring high ceilings, hardwood floors, built-in cabinetry, and great layouts. One of the one-bedroom apartments will be delivered vacant. Detached on three sides, the building receives abundant natural light throughout the apartments. The commercial spaces are occupied by a laundromat and a coffee shop, both well suited to this corner location. 

 

The building has been maintained to a high standard, which is evident throughout. The main electrical service has been updated and indicates 400 amps of service. A soft-story seismic retrofit was completed in 2017, and a new fire alarm system with sleep alarms was installed in 2019. Efficient operations and low operating costs further enhance the investment. Priced at a 10.4 GRM and a 6.7% cap rate, 105-111 Richland Avenue offers strong current income in a desirable neighborhood location.