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Listed by: John L. Morra (510) 200-4449 DRE #01884598, Mark Caloca DRE #02146982 | CENTURY 21 Masters (510) 257-4441
$2,990,000
Monthly Est:$14,882
-- Bed
-- Bath
--sqft
1 W Richmond Ave, Richmond, CA 94801
$2,990,000
$14,882/moEst:
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Multi Family
Built in 1914
$-- HOA
3,398 sqft lot
--/sqft
Description
nstitutional-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 cap...
Continue Reading- Houzeo last checked: 5 hours ago
- Listing updated: July 9, 2026 at 8:35 am
- Source: California Regional MLS-CA | MLS#: 41140282
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1914
HOA Fees
-
Finished Area
- sqft
Lot Size
3,398 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
41140282
MLS Status
Active
Days on Market
81
Cumulative Days on Market
7
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
See Remarks
Heating
See Remarks
Construction
Year Built
Year Built: 1914
Home type
Multi Family
Construction Materials
Other
Other Features
Lot Features
Street Level
Subdivision Name
Point Richmond
Price History
| Date | Event | Price |
|---|---|---|
06/29/2026 Source: | Listed for Sale | $2,990,000 -14.57% $0/sqft |
06/01/2025 Source: | Price Increased | $3,500,000 +11.11% $0/sqft |
06/01/2025 Source: | Off Market | $3,150,000 -7.35% $0/sqft |
06/01/2025 Source: | Listed for Sale | $3,400,000 $0/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 21, 2026, 10:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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