500-514 Hayes Street is a 8-unit multifamily investment opportunity located in Richmond, California. Built in 1923 and renovated in 2020, the 7,134 square foot property consists of seven large 800 square foot 1 bedroom/1 bathroom units and two 850 square foot 2 bedroom/1bathroom units in a two-story building of wood frame and stucco construction. Each unit has been tastefully renovated and features private entries, gas wall heat, separate water heaters, in-unit washer and dryers, new kitchens with stainless steel appliances, new bathrooms, and LED lighting on a low maintenance landscape. Tenants are separately metered for PG&E and Water, keeping operating expenses low for new ownership. In addition, the adjacent lot was converted into off street parking for tenants by current ownership. The high in-place rents reflect the quality of the renovations and will ensure a turn-key investment for new ownership going forward.