
Richmond, California 94804
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $930,000, positioned slightly above the $919,791 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, it offers significant value-add potential through unit upgrades. Featuring four 2-bed/1-bath units and four enclosed garage spaces, the asset provides strong rental demand near major commuter corridors. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs in a revitalizing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 100 S 21st Street Subject | $930,000* List Price | 0 | 0 | 3,288 | $280 | - |
A 428 9th St Sold | $710,000 | 0 | 0 | 3,574 | $199 | 0.7 mi |
B 600 26th St Sold | $1,000,000 | 0 | 0 | 4,124 | $242 | 0.7 mi |
C 381 A Active | $795,000 List Price | 0 | 0 | 0 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this property is over 60 years old. While the exterior shows some maintenance like updated vinyl windows, the siding and overall aesthetic are dated. The listing's mention of 'value-add upside' and placeholder text for upgrades suggests that kitchens, baths, and systems likely haven't seen a major renovation in over 20 years and require modernization.
This fourplex offers a rare 'house-hack' opportunity for owner-occupants to offset their mortgage or for investors to capitalize on four separate 2-bedroom income streams in a high-demand market.
Ideally situated with easy access to BART, I-80, and the Richmond-SF Ferry, the property is perfectly positioned to attract professional tenants commuting to San Francisco and Oakland.
The inclusion of four enclosed garage spaces is a significant value-add for a multi-unit property, providing security and convenience that enhances tenant retention and rental value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4100, other record lot size in square feet = 5000.
The assigned public schools carry very low ratings (ranging from 1 to 3), which may deter family-oriented tenants and potentially limit long-term capital appreciation.
Built in 1963, the property may require more frequent maintenance and capital expenditures for aging systems compared to newer residential income assets.
your Next Smart Move Starts Here — Live in One, Rent the Rest! this is a premium investment property Welcome to 100 21st Street, Richmond — a rare and exceptional fourplex opportunity that checks every box for savvy investors and smart owner-occupants alike! Whether you're looking to build long-term wealth, offset your mortgage with rental income, or lock in your first income-producing asset, this property delivers incredible upside in one of the Bay Area's most dynamic and rapidly appreciating markets. Featuring [4 units 2 bed/1 bath each], this well-maintained property offers four enclosed garage parking and is perfectly positioned in a commuter-friendly Richmond location with easy access to BART, I-80, the Richmond-SF Ferry, and major employment corridors throughout the East Bay. Why Investors Love It: • Strong rental demand in Richmond's growing rental market • Multiple income streams — 4 units means 4 opportunities to cash flow • Excellent cap rate potential with value-add upside • [Mention any recent upgrades, newer roof, updated systems, etc.] ?? Why Owner-Occupants Love It: • Live in one unit — let your tenants help pay your mortgage • Build equity and generate monthly income simultaneously • A smart entry point into real estate ownership without sacrificing lifestyle ?? Prime Richmond Location: Steps from parks, local dining, shopping, and just minutes to Richmond BART — connecting you to San Francisco, Oakland, and the entire Bay Area with ease. Richmond's continued revitalization and waterfront development make this the kind of investment that gets better with time.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,288 | 2,282 | 57% |
| Lot Size | 4,100 | 5,250 | 29% |
| Price | $930.0K | $900.0K | 57% |
| Price per sq ft | $283 | $283 | 50% |
| Built year | 1963 | 1958 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 94 | 14% |
Apr 30, 2026
$930,000
Initial Listing