
San Pablo, California 94806
This property presents a High-Potential Investment Opportunity with a List Price of $545,000—positioned well below the $552,544 Fair Market Value by 1.36%. This valuation gap offers $7,544 in Instant Equity. With a Condition Rating of 3, the home features a Granite Kitchen and Vaulted Ceilings, providing immediate rental appeal. The expansive lot offers significant ADU Development Potential for future yield. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset in a convenient commuter location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 Frances Rd Subject | $545,000* List Price | 3 | 1 | 855 | $646 | - |
A 239 Jennifer Dr Sold | $550,000 | 3 | 1 | 892 | $617 | 0.2 mi |
B 2709 Limerick Road Sold | $633,000 | 3 | 1 | 1,018 | $622 | 0.8 mi |
C 78 Nancy Drive Sold | $655,000 | 4 | 2 | 1,184 | $553 | 0.3 mi |
D 1075 Rachel Rd Active | $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 significant renovations including an updated kitchen with granite countertops, refreshed cabinetry, and a modernized bathroom with tile finishes. The interior features newer laminate flooring and vaulted ceilings, indicating a well-maintained, move-in ready condition consistent with a 5-15 year renovation cycle.
The property is currently tenant-occupied with residents who wish to stay, offering investors immediate cash flow and eliminating the need for an initial tenant search.
The generous 5,500 sq. ft. lot provides ample space for the addition of an Accessory Dwelling Unit (ADU), offering a significant opportunity to increase future rental yield and property value.
The home features an updated kitchen with granite countertops, refreshed bathroom finishes, and vaulted beamed ceilings, providing a contemporary aesthetic that appeals to modern renters.
At only 855 square feet for a three-bedroom configuration, the interior layout may feel cramped, potentially limiting the property's appeal to larger families.
The presence of only one bathroom for a three-bedroom home is a notable drawback for multi-occupant households and can be a limiting factor for long-term resale value.
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 | 2.2 |
| Square foot | 855 | 1,190.824 |
| Lot Size | 5,500 | 6,024.412 |
| Price | $545.0K | $596.1K |
| Price per sq ft | $637 | $499 |
| Built year | 1953 | 1949 |
| HOA | $0 | $198 |
| Days on market | 19 | 45 |
Aug 21, 2026
$545,000
Initial Listing
Mar 24, 2023
$535,000
Public Record
Dec 8, 2021
$420,000
Public Record