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Multifamily

The Tides

Richmond, CA

200 Units

Built in 2003

Value Add

Investment Highlights

  • PROVEN RENOVATION UPSIDE WITH SUBSTANTIAL IMBEDDED LOSS-TO-LEASE Current ownership has renovated approximately 70% of the units with high-end finishes including quartz counters with undermount sinks.
  • RELATIVE AFFORDABILITY Apartment rents in Richmond are currently at a significant discount to surrounding rental markets, ranging from 17% to 43% lower compared to cities: San Rafael and Walnut Creek.
  • ACCESS TO MAJOR EMPLOYMENT CENTERS Centrally located off Interstate 80, The Tides is ideally proximate to major Bay Area employment centers.

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