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Gurpriit Atwal

gatwal@intero.com +1(510) 399-3462

Listed by Mark Caloca • RE/MAX Accord

$ 3,400,000

Est. payment -/mo

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Price Dropped by $100K

1 W Richmond AVE Richmond, CA 94801

9,434 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,434 sqft

Price per Sqft $360

MLS Listing ID ML82009280

Year Built 1914

Lot Size 3,398 Sqft

Property Sub-Type Five or More Units

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 Richmond - Point Richmond/Bayfro

Zoning CM2

Rooms

Other Rooms Office Area, Other

Kitchen Appliances - Vary by Unit

Interior

Heating Electric

Cooling None

Flooring Carpet, Laminate, Tile, Other

Exterior

Parking Features No Garage, On Street

Utilities Available Other

Roof Type Composition,Other

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Other

Others

Restrictions None

Tax ID 558-110-005-3

Security Features None

Special Listing Condition Not Applicable

Virtual Tour https://www.youtube.com/watch?v=gcnKpo6iBlU