
Richmond, California 94801
This Multi-Unit Residential Asset offers a rare high-density configuration in Richmond, listed at $599,000. While the price sits near the $567,052 Fair Market Value, the property’s four separate units provide a built-in cash flow advantage that supports the valuation. Currently holding a Fair Condition Rating, the property features a 3-bedroom main home and three ADUs, offering immediate rental readiness and a private patio. This versatile setup is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hacking opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1710 Gaynor Ave Subject | $599,000* List Price | 3 | 2 | 1,276 | $444 | - |
A 2103 Visalia Ave Sold | $595,000 | 4 | 2 | 1,177 | $506 | 0.3 mi |
B 554 3rd St Sold | $493,000 | 4 | 2 | 1,148 | $429 | 0.8 mi |
C 515 Alamo Ave Sold | $530,000 | 3 | 3 | 1,564 | $339 | 0.9 mi |
D 1929 Lincoln Avenue Active | $615,000 List Price | 3 | 1 | 1,375 | $447 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property is move-in ready and includes multiple income-producing units, the overall condition is categorized as fair due to dated interior finishes. The main kitchen features older oak-style cabinetry and basic countertops, and the widespread use of ceramic tile flooring throughout living areas and bedrooms reflects older renovation styles (likely 15-25 years old). While the ADU interiors appear slightly more modern with laminate flooring and updated paint, the main house systems and fixtures show signs of age consistent with a well-maintained but non-recently renovated 1940s home.
With a main house and three additional units (one attached and two detached), this property offers exceptional rental income opportunities or mortgage-offset potential for an owner-occupant.
The unique configuration of four separate living spaces provides rare flexibility for extended families or multi-generational living arrangements within the Richmond market.
Priced under $600,000, this multi-unit setup represents a highly competitive entry point for investors seeking cash-flow-positive real estate in the Bay Area.
Originally constructed in 1940, the property may require significant capital expenditure for modernizing systems or addressing deferred maintenance common in older structures.
Accommodating four separate units on a 5,000-square-foot lot results in high density, likely sacrificing private yard space and creating potential parking constraints for multiple tenants.
This versatile property features: 3 Bed / 2 Bath Main Home – 1,276 sq ft of comfortable living space Attached ADU Two Detached ADUs Four Separate Doors Total – incredible flexibility and income potential Perfect for: Multi-generational living with space for extended family Investors looking for strong rental potential Homeowners wanting to offset their mortgage with rental income Properties like this are hard to find in the Richmond market, multiple units on one property creating built-in cash flow potential. If you're looking for Richmond real estate opportunities or an income-producing property in the Bay Area, this one should definitely be on your radar.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,276 | 1,276.5 | 50% |
| Lot Size | 5,000 | 3,571 | 68% |
| Price | $599.0K | $555.0K | 62% |
| Price per sq ft | $469 | $421 | 62% |
| Built year | 1940 | 1951 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 168 | 3% |
Apr 6, 2026
$599,000
Initial Listing
Jun 30, 1994
$110,000
Public Record