
Richmond, California 94803
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $568,848 Fair Market Value by 3%. This valuation gap offers $18,848 in Instant Equity for buyers prepared to manage a total renovation. Featuring a Condition Rating of 5, the home requires extensive structural and cosmetic work. The expansive .37-acre lot and 1930s bungalow architecture provide a solid foundation for value-add strategies. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in the May Valley area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Laurel Ln. Subject 2 bd · 2 ba · 1,488 sqft · $382 | $550,000* List Price | 2 | 2 | 1,488 | $382 | - |
A 534 La Paloma Rd Active 3 bd · 2 ba · 1,176 sqft · $446 · 0.6 mi | $525,000 List Price | 3 | 2 | 1,176 | $446 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938, this property requires a total rehab. The interior is currently unlivable and mid-renovation, featuring a completely gutted kitchen, unfinished walls/ceilings, and exposed electrical components, requiring a cash-only buyer to restore it.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15899, living area = 1488.
This 1930s bungalow features original hardwood flooring and vaulted ceilings with exposed beams, offering timeless charm and a unique aesthetic foundation for restoration.
Situated on a generous 0.37-acre lot, the property provides rare privacy in a quiet lane and significant space for outdoor living, gardening, or potential expansion.
The property is a cash-only sale, which significantly limits the pool of potential buyers by excluding those who require traditional mortgage financing.
The home requires a full restoration to address its current condition, necessitating a substantial investment of time and capital to bring it up to modern standards.
Bring your ideas and inspiration and restore this charming 1930s bungalow to its former glory! Tucked along a quiet lane in desirable May Valley, this unique property offers a peaceful, tucked-away setting that feels miles from the hustle and bustle, while still being just minutes from shopping, restaurants, and convenient freeway access. This is a CASH ONLY sale. Featuring 2 bedrooms and 2 full bathrooms on an approximately .37-acre lot, the home offers a wonderful layout with original hardwood flooring throughout and an open-concept living, dining, and kitchen area. The living room is highlighted by vaulted ceilings with exposed beams, adding warmth and architectural character. Both bedrooms are generously sized, and there is ample closet and storage space throughout the home. Outside, you'll find a detached two-car garage with separate rear storage space, plus an additional storage shed. With its spacious lot, charming original details, and special May Valley location, this property presents a rare opportunity to reimagine and create something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 1.7 |
| Square foot | 1,488 | 1,182.264 |
| Lot Size | 15,899 | 5,000 |
| Price | $550.0K | $667.7K |
| Price per sq ft | $370 | $537 |
| Built year | 1938 | 1947 |
| HOA | $0 | $152 |
| Days on market | 29 | 39 |
Sep 25, 2026
$550,000
Initial Listing