2031 Chanslor Avenue, Richmond, California 94801, Richmond, 94801 - bed, bath
ACTIVE$479,000
2031 Chanslor Avenue, Richmond, California 94801
0Bed
0Bath
Sqft
6,215Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex with established rental income ($1,185.74 and $1,300 per month), making it an attractive investment opportunity for immediate cash flow.
Top Cons:
Advanced Age of Property: Built in 1939, the property is 85 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for significant capital expenditures for modernization and repairs.
Compared to the nearby listings
Price:$479.0K vs avg $602.0K ($-123,000)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939, this property is 85 years old and shows no evidence of major renovations in many decades. Both kitchens feature extremely dated and worn cabinets, old laminate countertops, mismatched and old appliances, and old linoleum flooring. The bathrooms are similarly outdated with old pedestal sinks, basic toilets, and worn plastic shower surrounds. Flooring throughout includes worn hardwood, old linoleum, and worn carpets. The property lacks central HVAC, relying on wall heaters and window AC units. While currently rented, the property requires substantial repairs and rehabilitation to meet modern living standards, aligning with a 'Poor' condition score.
Year Built
1939
Close
-
List price
$479K
Original List price
$499K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41104100
Home ConditionPoor
Features
View-
About this home
Monthly rent: 2031 Chanslor Avenue – $1,185.74; 2033 Chanslor Avenue – $1,300. Convenient location with BART station within walking distance and post office directly across the street.
Condition Rating
Poor
Built in 1939, this property is 85 years old and shows no evidence of major renovations in many decades. Both kitchens feature extremely dated and worn cabinets, old laminate countertops, mismatched and old appliances, and old linoleum flooring. The bathrooms are similarly outdated with old pedestal sinks, basic toilets, and worn plastic shower surrounds. Flooring throughout includes worn hardwood, old linoleum, and worn carpets. The property lacks central HVAC, relying on wall heaters and window AC units. While currently rented, the property requires substantial repairs and rehabilitation to meet modern living standards, aligning with a 'Poor' condition score.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with established rental income ($1,185.74 and $1,300 per month), making it an attractive investment opportunity for immediate cash flow.
Excellent Transit Accessibility: Its location within walking distance to a BART station is a significant advantage, appealing to commuters and enhancing tenant desirability and property value.
Convenient Local Amenities: Directly across the street from a post office and in a generally convenient location, adding to the ease of living for residents.
Generous Lot Size: With a lot size of 6215 sqft, the property offers ample outdoor space or potential for future expansion, subject to local zoning regulations.
Recent Price Adjustment: The listing price has been adjusted from an original $499,000 down to $479,000, potentially indicating a more competitive market price or seller flexibility.
Cons
Advanced Age of Property: Built in 1939, the property is 85 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for significant capital expenditures for modernization and repairs.
Limited Property Condition Details: The description provides no information on the current condition of the units or any recent renovations, implying they may be in original or dated condition requiring substantial updates.
Potential for High Maintenance Costs: Given its age and lack of specified upgrades, a new owner should anticipate higher ongoing maintenance costs and potential for costly renovations to bring the property to modern standards.