1-5 W Richmond Ave - Apartments FOR SALE


Richmond, CA 94801- Point Richmond
$3,150,000 USD
669-238-8878
1-5 W Richmond Ave, Richmond, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/23
null | 8.04% Cap Rate

1-5 W Richmond Ave
Richmond, CA 94801
Point Richmond


OVERVIEW

Rare Investment Opportunity in Historic Point Richmond, The J.G. Gerlach Building. Built in 1914, the J.G. Gerlach Building presents a unique investment opportunity with strong current income and significant future upside. This well-maintained mixed-use property consists of 38 single-room occupancy (SRO) units and two fully leased ground-floor retail spaces, located in the heart of Point Richmond, one of the East Bays most scenic and desirable enclaves. Two street-level retail spaces, currently occupied by a hair salon and a nail salon, generating consistent commercial rental income. Solid tenant demand and low vacancy contribute to stable monthly cash flow. Point Richmond is a hidden gem along the San Francisco Bay, offering a charming village-like atmosphere with a mix of natural beauty and cultural appeal. Residents and visitors enjoy; Sweeping bay views, marinas, and rolling hills, access to Keller Beach, one of the only swimmable bay beaches in the area. Miller/Knox Regional Shoreline, offering trails, picnic areas, and panoramic vistas. A walkable downtown with indie cafes, restaurants, galleries, and boutique shops. Vibrant and engaged local community with historic character. This property offers both immediate returns and long-term growth. Appraised Value: $3,900,000.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

40

PRICE/UNIT

$78,750

CAP RATE

8.04%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JG Gerlach Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C2, Richmond

APN/PARCEL ID

558-110-005-3

ASK ABOUT THIS PROPERTY

Mark CalocaRE/Max AccordMore Info
669-238-8878

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Mark CalocaRE/Max AccordMore Info
669-238-8878

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.