1 W Richmond AVE Active Save Request In-Person Tour Request Virtual Tour
Richmond,CA 94801
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