
Richmond, California 94801
This Strong Value Opportunity is a versatile Single Family Residence listed at $499,000—positioned well above the $460,215 Fair Market Value by -8%. Featuring a Mint Condition Rating following a comprehensive renovation, the property includes a 2-bedroom cottage and a separate rented studio, providing immediate income potential. While the interior footprint is compact at 518 sqft, the rear patio and artificial lawn offer functional outdoor living. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1319 Kelsey Street Subject | $499,000* List Price | 2 | 1 | 518 | $888 | - |
A 1825 Fred Jackson Way Active | $399,000 List Price | 2 | 1 | 553 | $722 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1916, the property has undergone a comprehensive high-quality renovation within the last 5 years. The interior features modern luxury vinyl plank flooring, updated shaker-style kitchen cabinetry, and fresh paint throughout. Exterior images show newer vinyl windows and a modern electrical panel, indicating that systems have been updated to provide a mint-condition, maintenance-free living experience.
The property features a main two-bedroom cottage plus a separate rented studio, offering an excellent opportunity for rental income or multi-generational living.
The lot includes a rear patio and a large artificial lawn area, providing low-maintenance space for entertaining and recreation.
Situated in a quiet neighborhood with close proximity to parks, schools, shopping, and freeway access, ensuring easy daily commuting and errands.
With only 518 square feet for a two-bedroom configuration, the interior living space is significantly limited and may feel constrained for some buyers.
The local public schools assigned to this address have low performance ratings, which could impact long-term resale value and appeal to families.
Charming cottage plus studio, in quiet neighborhood. Live in one and rent the other. The two-bedroom, one-bathroom cottage is quaint and features a galley kitchen that opens up to a cozy dining area and family room. This cottage has indoor laundry/mudroom with hook-ups and room for a full-sized washer and dryer. When you step outside, the rear patio is perfect for entertaining guests. There is an additional rear yard behind the second cottage with a large artificial lawn, perfect for bocce or family fun. Ther rear studio is equipped with a kitchen and bathroom and is currently being rented. Close to the park, schools, shopping and freeway access. You won't want to miss this gem!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 1.5 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 518 | 1,157 |
| Lot Size | 2,500 | 5,000 |
| Price | $499.0K | $681.0K |
| Price per sq ft | $963 | $503 |
| Built year | 1916 | 1943 |
| HOA | $0 | $125 |
| Days on market | 22 | 40 |
Jul 1, 2026
$499,000
Initial Listing
Dec 22, 2021
$190,000
Public Record
Jan 4, 2021
$180,000
Public Record
Jun 5, 2018
$290,000
Public Record