1 West Richmond Avenue

Richmond, CA 94801

$3,750,000
Price
Beds
12,700 Sq. Ft.
$295 / Sq. Ft.
12,700
Sq. Ft.
$295
per Sq. Ft.

Description

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...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.
  1. Listed by Michael B Johnston • DRE #01370461 • Brokerage DRE #01499008 • Berkshire Hathaway Drysdale Properties

Property Details for 1 West Richmond Avenue

Cross Street
Railroad Ave
Total Parking Spaces
0

Location

Listing Courtesy of Berkshire Hathaway Drysdale Properties, Michael B Johnston, DRE #01370461
Add your commute
LISTING UPDATED: 03/07/2024 02:27 PM

Property Details for 1 West Richmond Avenue

StatusActive
MLS #424014079
Days on Compass51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1914
Lot Size0.08 AC / 3,397 SF
CountyContra Costa County

Location

Listing Courtesy of Berkshire Hathaway Drysdale Properties, Michael B Johnston, DRE #01370461
Add your commute

Building Information for 1 West Richmond Avenue

Stories-Residences40Year Built1914Building Size-Lot Size0.08 AC / 3,397 SF

Payment Calculator

$25,834 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$5,369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 West Richmond Avenue

Summary
Location and General Information
  • Area/District: Richmond-Point Richm
  • Area Short Display: 1707
  • Location Description: Richmond-Point Richm
Taxes and HOA Information
  • APN: 558-110-005-3
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 0.0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Appraiser
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: None
Property and Assessments
  • Picture Count: 14
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 0
Interior Features
  • Full Bathrooms: 0
  • # of Rooms: 38
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 7.91
  • Gross Income Multiplier: 7.9
  • Utilities Expense: 39595.0
Multi-Family Information
  • # Commercial Units: 2
  • Total # Owner Occupied: 0
  • # Studios Occupied: 37
  • # of Studio Units: 38
  • # of Units: 40
  • # Of Units Total: 40
  • # Of Units Vacant: 1
  • # Of Units Leased: 39
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 1 West Richmond Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 West Richmond Avenue

Taxable ValueLand$428,879Additions$2,734,114Total$3,162,993
Tax Record2023$64,432 ($5,369 / month)
Home Facts
Total Finished SqFt9,434 SqFtAbove Grade Finished SqFt9,434 SqFtStories1Lot Size3,398 SqFtStyleOffice BuildingYear Built1914Year Renovated1950CountyCONTRA COSTAAPN558-110-005-3

Schools near 1 West Richmond Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicK to 6

Fred T. Korematsu Middle School
Public7 to 8

Kennedy High School
Public9 to 12

Greenwood Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1 West Richmond Avenue is a multi-family home for sale in Richmond, CA 94801. This property was listed for sale on March 7, 2024 by Berkshire Hathaway Drysdale Properties, it's currently listed at $3,750,000. It has been on the market for a total of 51 days and was last sold on January 8, 2015. This listing's school district is West Contra Costa Unified School District. Nearby schools include Washington Elementary School, Fred T. Korematsu Middle School and Kennedy High School. 1 West Richmond Avenue is a 0-bed, 0-bath, 12,700 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Drysdale Properties, Michael B Johnston, DRE #01370461

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.