TruAmerica intends to reposition Vue at 3600 through renovation and management improvements. The property is ideally located in the Hilltop Mall area of Richmond, one of the strongest rental submarkets of the San Francisco East Bay. Situated near Interstate 80, residents at the property benefit from quick freeway access and a short commute to the largest employment centers in the East Bay.
The acquisition price translates to one of the lowest price-per-unit and price-per-square foot multifamily acquisition opportunities in recent years in the Bay Area. In addition, the property benefits from a significant property tax abatement.
Vue at 3600, located in the highly-desirable East Bay submarket, benefits from strong year-over-year rent growth. Minutes away from San Francisco, this prime location in Richmond, CA is in close proximity to great dining, recreation, and shopping.
- Heated swimming pool
- Two spas
- Community clubhouse
- Fitness center with classes
- Business center
- Walk to major shopping and transit