About 1 W Richmond Avenue
Welcome to 1 West Richmond Ave in the heart of Point Richmond, California! The J.G Gerlach building, built in 1914, has played a big part in the history of Point Richmond. This historic building offers an exceptional investment opportunity, featuring 38 meticulously maintained single-room occupancy units and two prime retail spaces. Boasting a central location within walking distance of local shops, restaurants, and waterfront parks, this property is ideal for investors seeking both steady rental income and potential for future appreciation. The residential units at 1 West Richmond Ave provide comfortable and affordable housing options for tenants, each offering a cozy living space with convenient amenities. With a diverse mix of long-term and short-term tenants, this building presents a stable rental income stream. Additionally, the two retail spaces, currently occupied by a popular hair salon and a nail salon, provide additional revenue potential and contribute to the vibrant streetscape of this charming neighborhood. Don't miss this rare opportunity to own a piece of Point Richmond's thriving community and invest in a property with both historical charm and lucrative income potential.
Features of 1 W Richmond Avenue
| MLS® # | 424014079 |
|---|---|
| Price | $3,750,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,700 |
| Acres | 0.08 |
| Year Built | 1914 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1 W Richmond Avenue |
|---|---|
| Area | Richmond-Point Richm |
| City | Richmond |
| County | Contra Costa |
| State | CA |
| Zip Code | 94801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | None |
|---|
Additional Information
| Date Listed | March 7th, 2024 |
|---|
Listing Details
| Agent | Michael B Johnston |
|---|---|
| Office | Berkshire Hathaway Drysdale Properties |