1929 Lincoln Avenue, Richmond, California 94801, Richmond, 94801 - 3 bed, 1 bath
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Richmond, California 94801
Analysis of 1929 Lincoln Avenue, Richmond, California 94801 reveals a property with a current list price of $615,000, which is 22% above the estimated $476,160 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1929 Lincoln Avenue Subject | $615,000* List Price | 3 | 1 | 1,375 | $346 | - |
A 789 17th Street Sold | $700,000 | 4 | 3 | 1,326 | $528 | 0.3 mi |
B 554 3rd St Sold | $493,000 | 4 | 2 | 1,148 | $429 | 1.0 mi |
C 515 Alamo Ave Sold | $530,000 | 3 | 3 | 1,564 | $339 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942, this property features a significantly outdated kitchen with tiled countertops, older cabinets, and dated tile flooring, despite having newer appliances. The visible bathroom elements also appear old. While some areas have newer laminate flooring, the core systems and wet areas likely require substantial repairs and rehabilitation to meet current standards, as indicated by the property's age and the need for updates to major components.
The property boasts a generous 5000 sqft lot with a spacious backyard, offering ample outdoor space for recreation, gardening, or future expansion.
Strategically located close to all essential conveniences and schools, enhancing daily accessibility and appeal for families.
With a stated monthly rent of $2,200, this property presents a strong opportunity for rental income or a solid value proposition for an owner-occupant.
Built in 1942, the home may require significant updates to its core systems (e.g., plumbing, electrical, HVAC) and overall infrastructure to meet current standards and efficiency.
The presence of only one bathroom for a three-bedroom house can be a notable inconvenience for families or multiple occupants, potentially impacting daily routines.
Given its age, prospective buyers should anticipate potential renovation costs to modernize the interior aesthetics and address any deferred maintenance, which could impact immediate move-in readiness.
Situated on a generous lot with a spacious backyard. Close to all conveniences and schools. Excellent opportunity! Monthly rent: $2,200.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 32% |
| Square foot | 1,375 | 1,326 | 50% |
| Lot Size | 5,000 | 3,571 | 68% |
| Price | $615.0K | $555.0K | 68% |
| Price per sq ft | $447 | $421 | 59% |
| Built year | 1942 | 1951 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 287 | 176 | 91% |
Jul 9, 2025
$615,000
Initial Listing