Richmond, CA 94801,1 W Richmond AVE
Richmond, CA 94801,1 W Richmond AVE
Richmond, CA 94801,1 W Richmond AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
19
Aug
Wed
20
Aug
Thu
21
Aug
Listed by Mark Caloca • RE/MAX Accord
$3,150,000
Est. payment /mo
9,434 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,434 sqft

Price per Sqft $333

MLS Listing ID ML82009280

Year Built 1914

Lot Size 3,398 Sqft

Property Sub-Type Five or More Units

Property Description

Rare Investment Opportunity in Historic Point Richmond, The J.G. Gerlach Building. Built in 1914, the J.G. Gerlach Building presents a unique investment opportunity with strong current income and significant future upside. This well-maintained mixed-use property consists of 38 single-room occupancy (SRO) units and two fully leased ground-floor retail spaces, located in the heart of Point Richmond, one of the East Bays most scenic and desirable enclaves. Two street-level retail spaces, currently occupied by a hair salon and a nail salon, generating consistent commercial rental income. Solid tenant demand and low vacancy contribute to stable monthly cash flow. Point Richmond is a hidden gem along the San Francisco Bay, offering a charming village-like atmosphere with a mix of natural beauty and cultural appeal. Residents and visitors enjoy; Sweeping bay views, marinas, and rolling hills, access to Keller Beach, one of the only swimmable bay beaches in the area. Miller/Knox Regional Shoreline, offering trails, picnic areas, and panoramic vistas. A walkable downtown with indie cafes, restaurants, galleries, and boutique shops. Vibrant and engaged local community with historic character. This property offers both immediate returns and long-term growth. Appraised Value: $3,900,000.

Location

State CA

County Contra Costa

Area Richmond - Point Richmond/Bayfro

Zoning CM2

Rooms

Other Rooms Office Area, Other

Kitchen Appliances - Vary by Unit

Interior

Heating Electric

Cooling None

Flooring Carpet, Laminate, Tile, Other

Exterior

Parking Features No Garage, On Street

Utilities Available Other

Roof Type Composition,Other

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Other

Others

Restrictions None

Tax ID 558-110-005-3

Security Features None

Special Listing Condition Not Applicable

Virtual Tour https://www.youtube.com/watch?v=gcnKpo6iBlU


Read Less Info
MLSListings Inc. (MLSListings)
agent
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

Get More Information

Name
Phone*
Message

Interested in touring this property?

1 W Richmond AVE