1 W Richmond Avenue Richmond, CA 94801

Building Details

Year Built

1914

Listing office CENTURY 21 Masters,

Listing date Jun 30, 2026

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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.

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

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FAQs

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