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1 W Richmond Ave

Richmond, CA 94801
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Bed 0

Bed

Bath 0

Bath

SqFt3,398

Sqft(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 rical 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,990,000

AD Id : 87498566

MLS Id : 41140282

Lot Size : 3,398 Sqft

Year Built : 1914

County : Contra Costa

Subdivision: Country Club Estates

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: See Remarks Has Cooling: Yes Cooling: See Remarks

  • Building Information

    Year Built: 1914
    Construction Materials: Other
    Private Pool: No

  • Lot Information

    Main Square Feet: 3398 Lot Size Acres: 0.078 Lot Size Square Feet: 3,398 Lot Description: Street Level

    Property Information

    Subdivision: POINT RICHMOND Source Property Type: Residential Income Property Age: 112

  • Listing Price Information

    Listing Price: $2990000

  • Tax Information

    Parcel Number: 5581100053

  • Location Information

    Direction: Cross Street: Tunnel Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Fred Jackson Way, Richmond, CA, 94801 $499,000 3 3 1,229 --
9th Street, Richmond, CA, 94801 $320,000 3 1 1,017 --
B Street, Richmond, CA, 94801 $795,000 -- -- 3,782 --
7th Street, Richmond, CA, 94801 $549,999 3 2 1,068 --
1232 York St, Richmond, CA, 94801 $780,000 3 3 1,400 3,750 Sqft
Marina Way, Richmond, CA, 94801 $465,000 3 1 1,072 2,827.04 Sqft
22nd Street, Richmond, CA, 94801 $389,900 3 1 950 --
22nd Street, Richmond, CA, 94801 $399,900 3 1 950 2,800.91 Sqft
1917 Nevin Ave, Richmond, CA, 94801 $479,000 3 2 1,202 2,675 Sqft
1419 Esmond Ave, Richmond, CA, 94801 $615,000 4 3 2,142 5,000 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 23:49

MLS: 41140282 LISTED BY: John L. Morra, CENTURY 21 Masters 510-257-4441 SOURCE: CRMLS

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