6
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$3,400,000
Est. payment /mo
3,397 Sqft Lot
Price Dropped by $100K
1 W Richmond AVE Richmond, CA 94801
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82009280
HOA Y/N No
Year Built 1914
Annual Tax Amount $66,150
Lot Size 3,397 Sqft
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
Area 699 - Not Defined
Zoning CM2
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Utilities Available Other
Roof Type Composition,Other
Building
Water Other
Schools
Elementary Schools Washington
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 5581100053
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=qvvRgwW1MPA
Listed by Mark Caloca RE/MAX Accord
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