Welcome to 1 West Richmond Avenue, a historic gem in the heart of Point Richmond. 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. Ideally located near shops, restaurants, and waterfront parks, 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. Dont miss your chance to own a piece of Point Richmond history.
MLS# | ML82009280 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1914 |
Days On Site | 12 |
Listing Provided By | RE/MAX Accord | Mark Caloca |
SQ Feet | 9,434 |
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Building(s) | 1 |
Zoning | CM2 |
Acreage | 0.08 |
Cooling | None |
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Heating | Electric |
Heating Yes / No | Yes |
Cooling Yes / No | Yes |
Roof | Composition, Other |
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Construction Materials | Brick, Other |
Utilities | Other |
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Property | 66150 |
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State | CA |
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County | Contra Costa |
City | Richmond |
Zip Code | 94801 |
Area | 699 Not Defined |
School District | Other |
Elementary School | Washington |
Middle School | Other |
High School | Other |
Listing VS Median (in 94801) | |
Price: $3,500,000 low | high Med: $550,000 SqFt: 9,434 low | high Med: 967 $ / SqFt: $371 low | high Med: $569 On site: 12 low | high Med: 15.000000 |