1-5 W Richmond Ave - Apartments FOR SALE


Richmond, CA 94801- Point Richmond
$3,500,000 USD
669-238-8878
1-5 W Richmond Ave, Richmond, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/32
null | 7.23% Cap Rate

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


OVERVIEW

Welcome to 1 West Richmond Avenue, a historic gem in the heart of Point Richmond. Built in 1914, the J.G. Gerlach Building offers a rare investment opportunity with 38 well-maintained single-room occupancy units and two street-level retail spaces. Ideally located near shops, restaurants, and waterfront parks, this property combines steady rental income with future appreciation potential. The residential units offer cozy, affordable housing with a mix of long- and short-term tenants, ensuring stable cash flow. The retail spaces, currently home to a hair salon and nail salon, add additional revenue and enhance the vibrant neighborhood atmosphere. Dont miss your chance to own a piece of Point Richmond history.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

40

PRICE/UNIT

$87,500

CAP RATE

7.23%

% 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

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

Mark CalocaRE/Max AccordMore Info
669-238-8878

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