1 W Richmond Ave
Richmond, CA 94801
0
Bed
0
Bath
3,398Sqft(Lot)
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 elect
Property Details
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Features
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Bathroom Information
Total Baths: 0 -
Cooling Features
See Remarks Air ConditioningHeating Source
See Remarks Has Heating
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Building Information
Year Built: 1914 Construction: Other
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.078 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 3398
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Listing Price Information
Original List Price: 2,990,000 Listing Contract Date: 2026-07-02
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Tax Information
Parcel Number: 5581100053
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Other Property Info
Source Listing Status: Active Source Neighborhood: Directions: Cross Street: Tunnel Ave. Zoning: CM3 Source Property Type: Residential Income -
Building and Construction
Property Age: 112 Year Built Source: Vendor Enhanced
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Marina Way, Richmond, CA, 94801 | $465,000 | 3 | 1 | 1,072 | 1,072 SqFt |
| 22nd Street, Richmond, CA, 94801 | $399,900 | 3 | 1 | 950 | 950 SqFt |
| 1917 Nevin Ave, Richmond, CA, 94801 | $479,000 | 3 | 2 | 1,202 | 1,202 SqFt |
| 17th Street, Richmond, CA, 94801 | $370,500 | 3 | 1 | 1,084 | 1,084 SqFt |
| 1409 Pennsylvania, Richmond, CA, 94801 | $635,000 | 4 | 2 | 1,620 | 1,620 SqFt |
| 1317 Garvin Ave, Richmond, CA, 94801 | $1,200,000 | 8 | 5 | 3,594 | 3,594 SqFt |
| 682 8th St, Richmond, CA, 94801 | $359,999 | -- | -- | -- | |
| 278 6th St, Richmond, CA, 94801 | $599,000 | 3 | 2 | 1,531 | 1,531 SqFt |
| 530 4th St, Richmond, CA, 94801 | $375,000 | 3 | 2 | 1,104 | 1,104 SqFt |
| 652 2nd Street, Richmond, CA, 94801 | $388,000 | 2 | 1 | 939 | 939 SqFt |
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ByOwner last updated this listing 07/03/2026 @ 21:47
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