Mixed-Use SRO and Retail
For Sale
$2,990,000
1 W Richmond Avenue, Richmond, CA 94801
38 single-room occupancy units plus two fully leased ground-floor retail suites, with a recently replaced roof and updated electrical.
Property SizeContact for details
Days on Market102
Property Features for 1 W Richmond Avenue
General Information
Standard status
Active
Property subtype
Multi-family
Additional Details
Multifamily Units
38
Building Details
Year Built
1914
Listing Agency:
CENTURY 21 Masters,
Listed By:
John L. Morra
(714) 497-3550
Source:
Sevengables
Added: May 17
Changed: Aug 25
Last Checked: Aug 26 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Masters,
Investment Insights
Based on property information with market context.
The historic J.G. Gerlach Building offers stabilized mixed-use income potential with 38 residential single-room occupancy units and two fully leased ground-floor commercial retail suites. The retail space is leased to hair and nail salons under stable, recurring lease agreements. On the property improvements side, a recently replaced roof and fully modernized, updated electrical distribution system are in place to help reduce near-term operational risk and deferred maintenance.
The asset is located at 1 W Richmond Avenue in Richmond, CA 94801, positioned in a walkable coastal setting near Keller Beach and Miller/Knox Regional Shoreline.
The asset is located at 1 W Richmond Avenue in Richmond, CA 94801, positioned in a walkable coastal setting near Keller Beach and Miller/Knox Regional Shoreline.
Key Highlights
- Built in 1914 historic J.G. Gerlach Building with 38 residential SRO units and 2 ground‑floor retail suites
- 38 single‑room occupancy units with historically low structural vacancy for stable residential cash flow
- Two fully leased ground‑floor retail suites operating as established hair and nail salons under stable recurring leases
Property Analytics
Property Profile
Current Use
Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 38 single-room occupancy units plus two fully leased ground-floor retail suites, with a recently replaced roof and updated electrical.
Where is this apartment building located?
The property is located at 1 W Richmond Avenue Richmond, CA.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Built in 1914 historic J.G. Gerlach Building with 38 residential SRO units and 2 ground‑floor retail suites; 38 single‑room occupancy units with historically low structural vacancy for stable residential cash flow; Two fully leased ground‑floor retail suites operating as established hair and nail salons under stable recurring leases
