1319 Kelsey, Richmond, California 94801, Richmond, 94801 - 2 bed, 1 bath
Loading property details...
1319 Kelsey
Richmond, California 94801
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
518Sq Ft
2,500Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$436,925
11% AboveMARKET VALUE
SUMMARY
This Dual-Cottage Residential Asset is a High-Potential Investment Opportunity, listed at $489,000—positioned well below the $436,925 Fair Market Value by -11%. Featuring a Condition Rating of 2, the property offers a turnkey, renovated aesthetic with modern finishes. The unique dual-cottage layout provides exceptional house-hacking potential or dual-income streams. While school ratings are low, the central courtyard and low-maintenance artificial turf maximize the 2,500 sq. ft. lot. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible, multi-generational living solutions.
Estimated Market Value
$436,925
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1916 build date, the property has undergone a comprehensive recent renovation (likely within the last 5 years). Images show a modern bathroom with contemporary marble-patterned tile and a new vanity, along with fresh laminate flooring and updated windows throughout. The exterior also features a modern electrical panel, indicating system upgrades.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The unique dual-cottage configuration on a single lot provides an exceptional opportunity for house-hacking, multi-generational living, or generating dual rental income streams.
- Low-Maintenance Upgrades
The property features modern laminate flooring and a backyard with artificial turf, offering a move-in-ready aesthetic with minimal ongoing exterior maintenance required.
- Versatile Outdoor Space
A central courtyard between the two units creates a private, functional outdoor living area perfect for dining and entertaining, maximizing the utility of the 2,500 sq. ft. lot.
CONSRISKS & DEFICIENCIES
- Extremely Limited Square Footage
With the main cottage providing only 518 square feet for a two-bedroom layout, the living quarters are exceptionally compact and may feel cramped for many buyers.
- Low School Ratings
The property is served by schools with very low ratings (1/10 to 3/10), which may deter families and negatively impact long-term appreciation compared to other neighborhoods.
About 1319 Kelsey
MULTI-GENERATIONAL LIVING/HOUSE-HACKING... TWO COTTAGES, ONE PROPERTY, AND ENDLESS POSSIBILITIES!! Live in one, host family or rent the other. Discover the charm and versatility of this unique property featuring two separate 2-bedroom, 1-bath cottages, offering an incredible opportunity for multigenerational living, rental income potential or a private home office. The inviting 518 sq.ft. main cottage features laminate hardwood flooring, a freestanding stove with oven, microwave, refrigerator, full-size washer and dryer hookups, and an updated bathroom with a shower-over-tub combination. The second 2-bedroom, 1-bath cottage offers additional flexibility and possibilities, whether you're looking to accommodate extended family, create a private workspace or explore rental income opportunities. A charming courtyard nestled between the two cottages provides an inviting space for outdoor dining, morning coffee, or entertaining. The backyard features a spacious lawn area with low-maintenance artificial turf, perfect for relaxing and enjoying the outdoors year-round.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1916
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Verde Elementary School
Grades K-6 • 0.6 mi
2/10
Helms Middle School
Grades 7-8 • 1.5 mi
1/10
Richmond High School
Grades 9-12 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.7 |
| Square foot | 518 | 1,182.264 |
| Lot Size | 2,500 | 5,000 |
| Price | $489.0K | $667.7K |
| Price per sq ft | $944 | $537 |
| Built year | 1916 | 1947 |
| HOA | $0 | $152 |
| Days on market | 12 | 39 |
Pricing History
Listed for Sale
Oct 12, 2026
$489,000
Initial Listing
Sold
Dec 22, 2021
$190,000
Public Record
Sold
Jan 4, 2021
$180,000
Public Record
Sold
Jun 5, 2018
$290,000
Public Record