
San Pablo, California 94806
This High-Potential Investment Opportunity is listed at a List Price of $545,000, positioned well below the $550,877 Fair Market Value by 1%. This valuation gap offers $5,877 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and updated finishes. The expansive 5,500 sq. ft. lot provides significant ADU Potential for future yield. This stable, tenant-occupied asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 Frances Rd Subject 3 bd · 1 ba · 855 sqft · $644 | $545,000* List Price | 3 | 1 | 855 | $644 | - |
A 78 Nancy Drive Sold 4 bd · 2 ba · 1,184 sqft · $553 · 0.3 mi | $655,000 | 4 | 2 | 1,184 | $553 | 0.3 mi |
B 1075 Rachel Rd Active 3 bd · 1 ba · 956 sqft · $522 · 0.2 mi | $499,000 List Price | 3 | 1 | 956 | $522 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1953, the property has undergone a significant renovation within the last 5-15 years, featuring an updated kitchen with granite countertops and newer cabinetry, refreshed bathroom tile, and laminate flooring. It appears well-maintained and move-in ready.
The property is currently tenant-occupied with residents who wish to stay, offering immediate rental income and minimal vacancy concerns for investors looking for a seamless transition.
The home features an updated kitchen with granite countertops and new cabinetry, refreshed bathroom tiling, and vaulted beamed ceilings that create a contemporary, open-concept feel.
A generous 5,500 sq. ft. lot provides significant outdoor space and a prime opportunity to add an Accessory Dwelling Unit (ADU) for increased future value and rental yield.
At only 855 sq. ft. for a three-bedroom layout, the interior living space is quite limited, which may result in smaller bedroom sizes and less storage.
The 3-bedroom, 1-bath configuration is less desirable for larger households and may impact long-term resale value compared to homes with multiple bathrooms.
Investment Opportunity in San Pablo! This tenant-occupied 3-bedroom, 1-bath home offers an attractive opportunity for investors looking to add a property with an established rental arrangement to their portfolio. The current tenants would like to continue renting, providing a potential transition with minimal vacancy concerns. The approximately 855 sq. ft. home sits on a generous 5,500 sq. ft. lot and features laminate wood flooring throughout the main living areas, an updated kitchen with granite countertops and recently updated cabinetry, and a refreshed bathroom with tile finishes. The light-filled living and dining areas feature vaulted, beamed ceilings and an open-concept feel. New sliding glass doors provide the rear bedrooms with additional natural light and convenient access to the backyard. The expansive backyard is one of the property's standout features, offering plenty of space for outdoor enjoyment and a potential opportunity to explore the addition of an ADU for future rental income. Conveniently located within walking distance of Hilltop Mall, Walmart, Montalvin Elementary School and Making Waves Academy, with easy access to shopping, public transportation, Point Pinole Regional Shoreline, In-N-Out and more. Quick access to Richmond Parkway, I-80 and I-580 makes commuting throughout the East Bay and to San Francisco convenient. A property with current rental income, a large lot and potential for future value-add opportunities deserves a closer look.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.5 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.1 |
| Square foot | 855 | 1,282.37 |
| Lot Size | 5,500 | 6,156.852 |
| Price | $545.0K | $625.4K |
| Price per sq ft | $637 | $490 |
| Built year | 1953 | 1952 |
| HOA | $0 | $198 |
| Days on market | 64 | 42 |
Aug 21, 2026
$545,000
Initial Listing
Mar 24, 2023
$535,000
Public Record
Dec 8, 2021
$420,000
Public Record