$3,750,000 Price Analysis   ♡   Richmond, CA 94801 Unknown bed 0 bath 12,700 SqFt ($295/SqFt) 3,398SqFt lot. Built 1914 Listed 2024-03-07, Taxes $50,689 | Ⓧ USDA Ineligible due to price & location near Richmond |
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 vibrnt 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.
Presented by Michael B. Johnston at
Berkshire Hathaway Drysdale Pr.
Property MLS #424014079 from SanFrancisco
Lot Size Square Feet: 3398
Calculated Total Monthly Association Fees: 0
County: Contra Costa
Cross Street: Railroad Ave
Source Property Type: Residential Income
Area: Richmond-Point Richm
Source Neighborhood: Richmond-Point Richm
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $2,680,504 + $420,470 $3,100,974 | $50,689 |
| 2021 | $2,627,946 + $412,226 $3,040,172 | $56,499 |
| 2020 | $2,601,000 + $408,000 $3,009,000 | $49,364 |
| 2019 | $2,550,000 + $400,000 $2,950,000 | $47,453 |
| 2018 | $2,403,003 + $448,912 $2,851,915 | $45,550 |
| 2017 | $2,355,886 + $440,110 $2,795,996 | $44,353 |
| 2016 | $2,309,693 + $431,481 $2,741,174 | $43,830 |
| 2015 | $401,676 + $150,068 $551,744 | $12,601 |
| 2014 | $393,808 + $147,129 $540,937 | $12,892 |
| 2013 | $392,029 + $146,465 $538,494 | $12,887 |
| 2012 | $384,343 + $143,594 $527,937 | $12,676 |
| 2011 | $376,807 + $140,779 $517,586 | $13,051 |
| 2010 | $373,991 + $139,727 $513,718 | $13,199 |
| 2009 | $374,880 + $140,059 $514,939 | $12,596 |
| 2008 | $367,530 + $137,313 $504,843 | $11,839 |
| 2007 | $360,324 + $134,621 $494,945 | $11,376 |
$3,750,000
SanFrancisco
Sold 2015-01-22
$2,700,000
Public Record
Sold 1992-06-22
$375,000
Public Record
Sold 1992-02-03
$375,000
Public Record
Year Built: 1914
Property Age: 110
Structure Type: Apartments, Mixed Use
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.