Home | Contra Costa County | Richmond | 94801 | 1 W Richmond Ave
1 W Richmond Ave, Richmond, CA 94801
MLS: ML82052646 | Status: Active | Price: $2,990,000
Beds/Baths: – / –
Property Type: Commercial Sale
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
9,434 |
3,398 |
1914 |
Institutional-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.
| Field |
Value |
| MLS # |
ML82052646 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Electric |
Exterior Features
| Feature |
Details |
| Roof |
Composition, Other |
| Foundation |
Slab |
| Feature |
Details |
| Sewer |
Public Sewer |
| Water |
Other |
| Zoning |
CM3 |
| Feature |
Details |
| # Buildings / # Units |
1 / 40 |
| Parking Spaces |
0 |
| Present Use |
Business/Professional, Commercial, Hotel/Motel, Mixed, Multi-Family, Multiple Dwelling, Office, Other, Retail |
| Utilities |
Other |
| Listing Agent |
Co-Listing Agent |
| Mark Caloca |
John L Morra |
| BRG Realty |
CENTURY 21 Masters |
| License #: 02146982 |
License #: 01884598 |
| Phone: (669) 238-8878 |
Phone: (510) 257-4441 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
– |
40 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of July 01, 2026. For the most current information, please contact Mark Caloca, (669) 238-8878.