1 W Richmond Ave, Richmond, CA 94801

• 9,434 sqft

Property 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 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.

Listing Status:

Active

Date Added:

July 2, 2026

Data Last Updated:

July 5, 2026 at 12:06PM

Listing Office:

CENTURY 21 Masters : 510-257-4441

Listing Agent:

John L. Morra : 510-200-4449

MLS ID:

41140282

Interior

• Basement: OtherStorage Space
• Flooring: Other
• A/C: Other
• Heating: Other

Exterior

• Parking: No Parking on Site

Location

• County: Contra Costa

Lot

• Zoning: CM35581100053

Utilities

• Water: Water District
• Sewer: Public Sewer