1377 Monterey St, Richmond, California 94804, Richmond, 94804 - 0 bed, 0 bath
Loading property details...
Richmond, California 94804
This High-Potential Investment Opportunity is a turnkey duplex listed at $798,800, positioned slightly above the $765,329 Fair Market Value. Despite the premium, the property offers significant long-term value through its Mint Condition Rating and Permit-Ready ADU Plans, which provide a clear path to increased rental density. Featuring modern infrastructure, including tankless water heaters and sub-metered utilities, this asset minimizes operational overhead. While local school ratings are modest, the property’s high-end finishes and income-producing potential make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Property is new construction or fully renovated.
The property has undergone a complete, high-end renovation within the last 5 years. All major systems including the roof, electrical, plumbing, and HVAC are brand new. The kitchens and bathrooms feature modern, high-quality finishes like stone countertops and designer walk-in showers, making it a mint-condition, turnkey investment.
This duplex has undergone extensive capital improvements, including a new roof, updated electrical and plumbing, and high-end interior finishes, offering a maintenance-free, income-producing asset from day one.
The inclusion of permit-ready plans for a detached Accessory Dwelling Unit (ADU) provides a rare and immediate path to increase density, rental income, and overall property valuation.
Each unit is thoughtfully equipped with independent modern systems, including tankless water heaters, central heating, and sub-metered utilities, ensuring operational efficiency and lower owner overhead.
The property is zoned for Stege Elementary, which carries a low rating of 2/10, potentially limiting the appeal for long-term family tenants and impacting future appreciation.
With a total of 1,241 square feet split between two 2-bedroom units, the individual living spaces are relatively small, which may restrict the tenant pool to smaller households.
Exquisitely Remodeled Unique DUPLEX in Richmond Annex with Permit-Ready ADU Plans! Exceptional Opportunity For Turnkey Income-Producing Property Featuring 2 Custom Renovated 2 Bed & 1 Bath Residences, each Thoughtfully Designed with Every Major Component Newly Upgraded, Offering the Perfect Blend of Modern Luxury, Efficiency, and Long-Term Value. Each Residence Showcases an Open-Concept Design with Custom-Crafted Kitchen Cabinetry, Elegant Stone Countertops, Brand-New Stainless Steel Appliances, Spa-Inspired Bathrooms with Designer Walk-In Showers, Luxury Laminate Flooring, Recessed LED lighting, Dual-Pane Windows, Central Heating, Tankless Water Heaters, New Drywall with Custom Texture, and Fresh Interior & Exterior Paint. Extensive Capital Improvements Include NEW: Comp. Shingle Roof, Updated Electrical & Plumbing Systems, New Exterior Stucco, Upgraded Separately Metered PG&E Service, Water Submeters, and Quality Finishes Throughout, Making This A Truly Unique Move-In-Ready Investment. The Spacious Lot Offers Valuable Side-Yard RV Access Leading to Detached Garage. Sale Includes: Permit-Ready Plans for Detached Accessory Dwelling Unit (ADU), Creating an Outstanding Opportunity to Significantly Increase Future Rental Income, Accommodate Multigenerational Living, and Enhance Long-Term Property Value!!! Please View Video Link https://vimeo.com/1206515318
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades 7-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,241 | 2,872 |
| Lot Size | 5,000 | 5,450 |
| Price | $798.8K | $812.9K |
| Price per sq ft | $644 | $379 |
| Built year | 1942 | 1936 |
| HOA | $0 | $0 |
| Days on market | 19 | 72 |
Jul 4, 2026
$798,800
Initial Listing
May 7, 2024
$515,000
Public Record