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2620 Maricopa Ave, Richmond, California 94804, Richmond, 94804 - bed, bath

2620 Maricopa Ave, Richmond, California 94804 home-pic-0
ACTIVE$640,000/sqft
2620 Maricopa Ave, Richmond, California 94804
0Bed
0Bath
Sqft
4,300Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Potential: Explicitly marketed as an 'Excellent Investment Opportunity' with 'immediate income and stable cash flow from day one' due to being tenant-occupied at market rates, offering strong fundamentals and long-term hold potential.
Top Cons:
Property Age: Built in 1951, the property's age may suggest potential for older infrastructure (e.g., plumbing, electrical, roof) that could require future capital expenditures not detailed in the description.

Compared to the nearby listings

Price:$640.0K vs avg $833.8K ($-193,750)25%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this property is aged. While one kitchen has updated cabinetry, the appliances are older white models, and the lighting is utilitarian. The bathroom features very dated tile work and fixtures, likely from a renovation 30+ years ago. The property is maintained and functional for tenants, but major components show signs of being outdated and would require significant cosmetic updates to meet current standards.
Year Built
1951
Close
-
List price
$640K
Original List price
$640K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41121024
Home ConditionFair
Features
Deck
View-

About this home

Excellent Investment Opportunity in a Prime Richmond Location! Well-located duplex offering two spacious units, each featuring 1 bedroom, 1 bathroom, plus a versatile den, ideal for a home office, guest room, or enhanced rental flexibility. Both units feature functional floor plans, abundant natural light, garage parking, and a large shared backyard, supporting long-term tenant appeal. The property is tenant-occupied with rents at or near market rate, providing immediate income and stable cash flow from day one. One unit offers an efficient kitchen with upgraded cabinetry and finishes, while the second features a practical layout with comfortable living spaces. Durable hard-surface flooring and adaptable interiors contribute to low maintenance and strong rental performance. Prime location directly across from an elementary school, with convenient access to public transportation, neighborhood amenities, and major commuter routes—supporting consistent rental demand. A solid addition to any investor portfolio, offering strong fundamentals, reliable income, and long-term hold potential. Please do not disturb occupants.

M
Min Zhao
Listing Agent

Price History

Date
Event
Price
08/29/96
Sold
$119,000
05/29/13
Sold
$240,000
Condition Rating
Fair
Built in 1951, this property is aged. While one kitchen has updated cabinetry, the appliances are older white models, and the lighting is utilitarian. The bathroom features very dated tile work and fixtures, likely from a renovation 30+ years ago. The property is maintained and functional for tenants, but major components show signs of being outdated and would require significant cosmetic updates to meet current standards.
Pros & Cons

Pros

Strong Investment Potential: Explicitly marketed as an 'Excellent Investment Opportunity' with 'immediate income and stable cash flow from day one' due to being tenant-occupied at market rates, offering strong fundamentals and long-term hold potential.
Desirable Duplex Configuration: Offers two spacious units, each featuring 1 bedroom, 1 bathroom, plus a versatile den, enhancing rental flexibility and appeal to a wider tenant base.
Prime & Convenient Location: Situated in a 'Prime Richmond Location' directly across from an elementary school, with excellent access to public transportation, neighborhood amenities, and major commuter routes, ensuring consistent rental demand.
Tenant-Ready & Income-Generating: Currently tenant-occupied with rents at or near market rate, providing instant cash flow and reducing vacancy risk for a new owner from day one.
Tenant-Friendly Features & Low Maintenance: Includes functional layouts, abundant natural light, garage parking, a large shared backyard, and durable hard-surface flooring, contributing to long-term tenant appeal and reduced maintenance.

Cons

Property Age: Built in 1951, the property's age may suggest potential for older infrastructure (e.g., plumbing, electrical, roof) that could require future capital expenditures not detailed in the description.
Occupancy Restrictions for Viewing: The 'Please do not disturb occupants' clause limits comprehensive interior inspections for potential buyers, which can complicate due diligence and decision-making.
Inconsistent Unit Upgrades: The description notes 'one unit offers an efficient kitchen with upgraded cabinetry and finishes, while the second features a practical layout,' implying a potential disparity in modernization between the two units.
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