714-745-2708

1 W Richmond Ave, Richmond, CA 94801

$2,990,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

John L. Morra | morra.johnl@gmail.com
Lic#: 01884598
Broker: Courtesy of CENTURY 21 Masters
Phone: 510-200-4449

Co Listing Agent

Mark Caloca | mcaloca1@icloud.com
Lic#: 02146982
Broker: Courtesy of BRG Realty
Phone: 669-238-8878

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 41140282

Price: $2,990,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1914

0.08 acres

Lot size: 0.0780

Subdivision: POINT RICHMOND

County: Contra Costa

Zoning: CM3

Construction: Other

Lot description: Street Level

Heating/cooling: See Remarks

Heating description: See Remarks

Last Updated: 7/9/2026

Days On Market (DOM): 87

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Lat/Long: 37.924962, -122.384655.
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