Active

1 W Richmond Avenue

Richmond CA, 94801

$3,750,000


$295.28 per sqft

Active

12,700 sqft

Multi-family

Built in 1914

Welcome to 1 West Richmond Ave in the heart of Point Richmond, California! The J.G Gerlach building, built in 1914, has played a big part in the history of Point Richmond. This historic building offers an exceptional investment opportunity, featuring 38 meticulously maintained single-room occupancy units and two prime retail spaces. Boasting a central location within walking distance of local shops, restaurants, and waterfront parks, this property is ideal for investors seeking both steady rental income and potential for future appreciation. The residential units at 1 West Richmond Ave provide comfortable and affordable housing options for tenants, each offering a cozy living space with convenient amenities. With a diverse mix of long-term and short-term tenants, this building presents a stable rental income stream. Additionally, the two retail spaces, currently occupied by a popular hair salon and a nail salon, provide additional revenue potential and contribute to the vibrant streetscape of this charming neighborhood. Don't miss this rare opportunity to own a piece of Point Richmond's thriving community and invest in a property with both historical charm and lucrative income potential.

424014079

MLS ID

March 7, 2024

Listed

April 23, 2024

Updated

Map

1 W Richmond Avenue
Richmond CA, 94801

Interior Features

Total Stories

0


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

None

Other Property Details

Area Name

Richmond-Point Richm


Garage

No


Parking Total

0


View

No


County

Contra Costa


Pool

No

Listed by Michael B Johnston with Berkshire Hathaway Drysdale Properties

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 4/23/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Swann Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 3:20 PM UTC, 4/23/2024

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