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$222,000
41142829 MLS
Rare two-parcel hillside opportunity with stunning Bay views and street access in highly desirable Point Richmond neighborhood. This exceptional offering includes two adjacent lots totaling approximately 15,225 sqft providing outstanding flexibilty for building a custom home or holding as a long-term investment. Parcel 1 - approximately 9,214 sqft. Premier building parcel with access from Crest Drive and Scenic Drive. Ideal for multi-level home. Minutes to local restaurants, grocery stores, and everyday conveniences. Near waterfront parks, marinas, beaches, kayaking spots, and shoreline walking trails. Parcel 2 - approximately 6,011 sqft. Secondary parcel with access from Scenic Drive. Excellent for guesthouse, workshop, studio, rental or added privacy or open space. Seller open to 50% financing. Call 510-685-3596.

Crest Ave, Richmond

Listing courtesy of Nyler Baniqued from Lighthouse Real Estate Service. 510-685-3596

$2,990,000
41140282 MLS
nstitutional-grade, core-plus mixed-use acquisition opportunity in the high-barrier-to-entry submarket of Point Richmond. The historic J.G. Gerlach Building presents a stabilized asset with a robust recurring revenue profile, offering immediate cash-on-cash returns paired with significant pro-forma rental upside. The asset features a diversified revenue stream comprised of 38 residential Single Room Occupancy units generating stable, non-cyclical cash flows due to historically low structural vacancy, anchored by two fully leased ground-floor commercial retail suites (established hair and nail salons) under stable, recurring commercial lease agreements. A comprehensive capital expenditures underwriting benefit includes a recently replaced brand-new roof and a fully modernized, updated electrical distribution system, drastically mitigating near-term operational risk, reducing deferred maintenance reserves, and optimizing future Net Operating Income. Backed by a recent independent valuation of $3,900,000. Positioned in a premier, walkable coastal enclave with close proximity to Keller Beach and Miller/Knox Regional Shoreline, this asset is a highly defensible yield, immediate multi-stream cash flow, and an excellent inflation hedge with embedded organic rental growth potential.

1 W Richmond Ave, Richmond

Listing courtesy of John L. Morra from CENTURY 21 Masters. 510-200-4449

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