$2,990,000
( $316.94Per Sq Foot )
 $16,051 est/mo Sourced by Back At You

1 W Richmond Avenue,Richmond, CA 94801

Richmond, CA 94801

Share:

3D Walkthrough
PreviousNext

Description

Institutional-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.

Details

MLS #ML82052646
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1914
Days On Site58
Listing Provided ByBRG Realty | Mark Caloca

Features

SQ Feet9,434
Story(s)1
Building(s)1
ZoningCM3
Acreage0.08

Interior

CoolingNone
HeatingElectric
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition, Other
Security FeaturesFire Sprinkler System

Utilities

UtilitiesOther

Taxes

Property59535

Area Information

StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Area699 Not Defined
Listing VS Median (in 94801)
Price:
$2,990,000
low | high
Med:
$999,000
100% of Average
sqft:
9,434
low | high
Med:
3,932
100% of Average
$ / sqft:
$317
low | high
Med:
$254
69.836501461297% of Average
On site:
58
low | high
Med:
119
48.739495798319% of Average
Sourced by Back At You

Market Activity 94801

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Area699 Not Defined
Listing VS Median (in 94801)
Price:
$2,990,000
low | high
Med:
$999,000
100% of Average
sqft:
9,434
low | high
Med:
3,932
100% of Average
$ / sqft:
$317
low | high
Med:
$254
69.836501461297% of Average
On site:
58
low | high
Med:
119
48.739495798319% of Average
Sourced by Back At You
Listing Updated: August 26, 2026 at 10:13:25 AM PDT