1225 Fred Jackson Way, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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Richmond, California 94801
This Massive 1923 Quadruplex Asset presents significant Value-Add Potential with a List Price of $850,000 and a $759,818 Fair Market Value. Currently holding a Poor Condition Rating, the 3,462 sq. ft. structure requires a comprehensive renovation to stabilize the asset and achieve market-leading rents. The property features a desirable unit mix of three 2-bedroom and one 1-bedroom units on a 5,000 sq. ft. lot. While local schools like Verde Elementary and Richmond High School have lower ratings, the building's "good bones" make it a strategic acquisition for Seasoned Investors and Contractors focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1225 Fred Jackson Way Subject | $850,000* List Price | 0 | 0 | 3,462 | $219 | - |
A 219 Barrett Avenue Active | $899,900 List Price | 0 | 0 | 3,288 | $274 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1923-built 4plex is explicitly marketed as a 'fixer-upper' and a 'full renovation' project. The listing description and property analysis indicate that substantial capital expenditure and a contractor's vision are required to make the units habitable at market rates. While the structure is described as having 'good bones,' the age of the property and the lack of recent updates to kitchens, bathrooms, and major systems place it in the poor category, requiring significant rehabilitation rather than simple cosmetic repairs.
The property is a classic 'fixer-upper' with 'good bones,' offering a versatile canvas for a full renovation to significantly increase market rents and forced equity.
Featuring three spacious 2-bedroom units and one 1-bedroom unit, the 3,462 sq. ft. building provides a rare scale for a 4plex, with units averaging a generous 750-850 sq. ft.
As a residential income quadruplex, this property qualifies for favorable residential financing while offering the cash flow potential of a multi-unit commercial asset.
The property requires a full renovation and a contractor's vision, indicating substantial immediate capital expenditure is necessary before achieving stabilized occupancy.
The assigned public schools have very low ratings (ranging from 1 to 3), which may limit the appeal to long-term family tenants and impact future appreciation.
Unlock the full potential of this massive 4plex in the heart of Richmond. Boasting a substantial 3,462 sq. ft. of living space on a 5,000 sq. ft. lot, 1225 Fred Jackson Way offers the rare scale and "good bones" that seasoned investors look for. This classic 1923 build features a highly desirable unit mix consisting of three spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. With each of the four units averaging an impressive 750 to 850 sq. ft., the property serves as a versatile canvas for a full renovation to maximize market rents or a strategic "buy and hold" for consistent cash flow. Bring your contractor and your vision to this structural powerhousea true value-add gem ready for its next chapter.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 1.6 mi
Grades 9-12 • 1.1 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 | 3,462 | - | 89% |
| Lot Size | 5,000 | 5,000 | 50% |
| Price | $850.0K | $690.0K | 78% |
| Price per sq ft | $246 | $0 | 67% |
| Built year | 1923 | 1927 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 184 | 11% |
Mar 5, 2026
$850,000
Initial Listing
Feb 16, 2000
$95,000
Public Record