1516 1516 Oscar St, Richmond, California 94804, Richmond, 94804 - 3 bed, 2 bath
1516 1516 Oscar St
Richmond, California 94804
Property Price
SUMMARY
Analysis of 1516 1516 Oscar St, Richmond, California 94804 reveals a Prime Investment Opportunity with a current list price of $729,000—significantly undercutting the $761,710 Fair Market Value by 4%. This valuation gap indicates a +$32,710 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Richmond Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 1516 Oscar St Subject | $729,000* List Price | 3 | 2 | 1,936 | $393 | - |
A 1551 Merced St Sold | $861,000 | 3 | 2 | 1,914 | $450 | 0.2 mi |
B 4524 Bell Ct Sold | $665,000 | 3 | 2 | 1,520 | $438 | 0.9 mi |
C 5429 Van Fleet Sold | $720,000 | 3 | 2 | 1,543 | $467 | 0.7 mi |
D 5355 Bayview Ave Pending | $679,000 List Price | 3 | 2 | 1,848 | $367 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-quality renovation within the last year, making it effectively new. It features a modern open-concept layout, a gourmet kitchen with quartz countertops and new stainless steel appliances, fully updated bathrooms with contemporary tiling and fixtures, new flooring, and LED recessed lighting throughout. It is in turnkey condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property is fully remodeled and move-in ready, featuring a gourmet kitchen with quartz countertops, new stainless steel appliances, and updated bathrooms, eliminating the need for immediate renovation.
- Spacious Lot with ADU Potential
The oversized 5,000 sqft level lot includes a large gated backyard and covered patio, providing ample space for outdoor entertaining and the potential to add an Accessory Dwelling Unit (ADU).
- Modern Master Suite
The home features a brand-new master bedroom complete with a fireplace and a contemporary bathroom with a tiled walk-in shower, offering a luxury retreat rarely found in homes of this era.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2025-10-02. The sold price is $499,000.00. The property was recently sold within the past year on 2025-10-01. The sold price is $430,000.00.
- Low Elementary School Rating
The assigned elementary school has a rating of 2/10, which may be a concern for families with young children and could impact long-term appreciation compared to areas with higher-rated schools.
About 1516 1516 Oscar St
Welcome to 1516 Oscar Street, a fully remodeled, move-in-ready 3-bedroom, 2-bath home in Richmond on an oversized level lot, which is just what you've been looking for. Open kitchen/ dining/ living room. Dining room opens to gourmet kitchen with quartz counters and stainless steel appliances, including a new gas stove, dishwasher, and refrigerator. The significant upgrades include new flooring, a new kitchen with a quartz countertop, new bathrooms, and LED recessed lights throughout the house. Brand new master bedroom with fireplace, LED lights, a bathroom with tiled walk-in shower, newly remodeled large hall bathroom with a new vanity, and an enclosed shower/tub. This home offers convenience and outdoor enjoyment. The extra-large gated backyard with covered patio has lots of room, not only providing outdoor space for entertaining or gardening or simply relaxing outdoors, but also offering a safe environment for young ones and pets to play. Dreaming of an ADU? The possibilities are endless.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1943
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Stege Elementary School
Grades K-6 • 0.7 mi
Fairmont Elementary School
Grades K-6 • 0.8 mi
Fred T. Korematsu Middle School
Grades 7-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,936 | 1,131 | 93% |
| Lot Size | 5,000 | 4,200 | 59% |
| Price | $729.0K | $615.0K | 77% |
| Price per sq ft | $377 | $513 | 7% |
| Built year | 1943 | 1948 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 176 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$729,000
Initial Listing
Sold
Oct 2, 2025
$499,000
Public Record
Sold
Oct 1, 2025
$430,000
Public Record