Listed price in listed location currency (USD).
$2,990,000

000

MLS® 41140282

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 0
Lot Size 0.078 Acres
Approx. Age 1914
MLS® Number 41140282

Property Address: 1 W Richmond Ave, Richmond, CA, 94801-3948

Average square foot calculated using Size range provided by listing agent.

Description

nstitutional-grade, core-plus mixed-use acquisition opportunity in the high-barrier-to-entry submarket of Point Richmond. The historic J.G. Gerlach Building presents a stabilized asset with a robust recurring revenue profile, offering immediate cash-on-cash returns paired with significant pro-forma rental upside. The asset features a diversified revenue stream comprised of 38 residential Single Room Occupancy units generating stable, non-cyclical cash flows due to historically low structural vacancy, anchored by two fully leased ground-floor commercial retail suites (established hair and nail salons) under stable, recurring commercial lease agreements. A comprehensive capital expenditures underwriting benefit includes a recently replaced brand-new roof and a fully modernized, updated electrical distribution system, drastically mitigating near-term operational risk, reducing deferred maintenance reserves, and optimizing future Net Operating Income. Backed by a recent independent valuation of $3, 900, 000. Positioned in a premier, walkable coastal enclave with close proximity to Keller Beach and Miller/Knox Regional Shoreline, this asset is a highly defensible yield, immediate multi-stream cash flow, and an excellent inflation hedge with embedded organic rental growth potential.
MLS® Number41140282
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1914
Basement
Driveway
Garage Spaces
HeatSee Remarks
A/CSee Remarks

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 2, 2026List Date
$2,990,000List Price
  • Commute

Commute

Starting Address
Destination Address
1 W Richmond Ave, Richmond, CA

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