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1 Richmond Avenue, Richmond, CA 94801
Priced at Only: $3,150,000
For more Information Call Mobile: 714.478.6676
Address: 1 Richmond Avenue, Richmond, CA 94801
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  • MLS#: ML82009280 ( )
  • Street Address: 1 Richmond Avenue
  • Viewed: 5
  • Price: $3,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1914
  • Bldg sqft: 0
  • Days On Market: 162
  • Additional Information
  • County: CONTRA COSTA
  • City: Richmond
  • Zipcode: 94801
  • Provided by: RE/MAX Accord
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Rare Investment Opportunity in Historic Point Richmond, The J.G. Gerlach Building. Built in 1914, the J.G. Gerlach Building presents a unique investment opportunity with strong current income and significant future upside. This well maintained mixed use property consists of 38 single room occupancy (SRO) units and two fully leased ground floor retail spaces, located in the heart of Point Richmond, one of the East Bays most scenic and desirable enclaves. Two street level retail spaces, currently occupied by a hair salon and a nail salon, generating consistent commercial rental income. Solid tenant demand and low vacancy contribute to stable monthly cash flow. Point Richmond is a hidden gem along the San Francisco Bay, offering a charming village like atmosphere with a mix of natural beauty and cultural appeal. Residents and visitors enjoy; Sweeping bay views, marinas, and rolling hills, access to Keller Beach, one of the only swimmable bay beaches in the area. Miller/Knox Regional Shoreline, offering trails, picnic areas, and panoramic vistas. A walkable downtown with indie cafes, restaurants, galleries, and boutique shops. Vibrant and engaged local community with historic character. This property offers both immediate returns and long term growth. Appraised Value: $3,900,000.
Features
Building Area Total
  1. 9434.00
Carport Spaces
  1. 0.00
Construction Materials
  1. Brick
  2. Other
Cooling
  1. None
Heating
  1. Electric
Insurance Expense
  1. 14661.00
Otherexpense
  1. 15579.00
Parcel Number
  1. 5581100053
Roof
  1. Composition
  2. Other
Totalexpenses
  1. 167773.00
Trash Expense
  1. 0.00
Utilities
  1. Other
Virtual Tour Url
  1. https://my.matterport.com/show/?m=qvvRgwW1MPA
Water Source
  1. Other
Year Built
  1. 1914
Year Built Source
  1. Assessor
Zoning
  1. CM2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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