1619 Chanslor Ave, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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Richmond, California 94801
This High-Potential Investment Opportunity is a Quadruplex Residential Income Asset listed at $850,000, positioned slightly above the $835,126 Fair Market Value. While not a discount purchase, the property offers immediate stability with a fully occupied status and separate gas and electric meters, ensuring operational efficiency. With a Fair Condition Rating and 1931 construction, the property provides a reliable income stream near major transit hubs like Richmond BART. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking consistent rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1619 Chanslor Ave Subject | $850,000* List Price | 0 | 0 | 2,991 | $279 | - |
A 219 Barrett Avenue Active | $879,900 List Price | 0 | 0 | 3,288 | $268 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While described as a 'turnkey' investment with updated vinyl windows and modernized separate electrical meters, the property was built in 1931. Without specific evidence of a comprehensive interior renovation (kitchens/baths) within the last 15 years, a building of this age is classified as fair, implying it is functional but likely dated and requiring minor ongoing maintenance.
This fully occupied quadruplex offers a turnkey investment opportunity with stable tenants, providing immediate rental income and a simplified transition for the new owner.
The property features separate gas and electric meters for each unit, significantly reducing owner-paid utility expenses and streamlining property management.
Excellent proximity to Richmond BART, the Ferry Terminal, and major freeways (I-80/I-580) ensures high tenant demand and long-term desirability in a major commuter hub.
Originally constructed in 1931, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer developments.
Located in Richmond, the property is subject to local rent control and just-cause eviction ordinances, which can limit the speed of rent increases to market rates.
Turnkey investment opportunity in Richmond featuring a fully occupied 4-unit property with stable tenants and immediate cash flow. Designed for low-maintenance ownership, the property offers separate gas and electric service, reducing owner expenses and simplifying management. Situated on an extra-large lot with abundant parking, this asset also benefits from convenient access to I-80, I-580, Richmond BART, the Richmond Ferry Terminal, Kaiser Richmond Medical Center, Contra Costa College, Point Richmond, and the Richmond Marina, making it an attractive location for long-term tenant retention. Close proximity to shopping, restaurants, parks, and major employment centers further enhances the property's investment appeal, offering consistent rental demand and long-term upside in one of the Bay Area's most accessible rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,991 | 2,872 |
| Lot Size | 3,375 | 5,450 |
| Price | $850.0K | $812.9K |
| Price per sq ft | $284 | $379 |
| Built year | 1931 | 1936 |
| HOA | $0 | $0 |
| Days on market | 7 | 72 |
Jul 16, 2026
$850,000
Initial Listing
Aug 15, 2017
$550,000
Public Record
May 21, 2015
$460,000
Public Record
Sep 3, 2010
$155,000
Public Record
Jul 10, 2000
$195,000
Public Record