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Listed by Mark Caloca • RE/MAX Accord
$3,400,000
Est. payment /mo
9,434 SqFt
Active
1 W Richmond Avenue Richmond, CA 94801
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,434 sqft
Price per Sqft $360
MLS Listing ID ML82009280
HOA Y/N No
Year Built 1914
Lot Size 3,398 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Built in 1914, the J.G. Gerlach Building offers a rare investment opportunity with 38 well-maintained single-room occupancy units and two street-level retail spaces. This property combines steady rental income with future appreciation potential. The residential units offer cozy, affordable housing with a mix of long- and short-term tenants, ensuring stable cash flow. The retail spaces, currently home to a hair salon and nail salon, add additional revenue and enhance the vibrant neighborhood atmosphere. Point Richmond is nestled along the San Francisco Bay and boasts stunning views of the water, marinas, and rolling hills. The neighborhood offers access to several waterfront parks and beaches, including; Keller Beach, (a swimmable bay beach) and Miller/Knox Regional Shoreline with trails and panoramic views. This natural setting contrasts with the more industrial and urban areas in central Richmond, which are less scenic and more densely developed. The downtown area features; independent cafes and restaurants, art galleries and boutique shops.
Location
State CA
County Contra Costa
Interior
Heating Electric
Cooling None
Flooring Laminate, Tile, Other
Fireplace No
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