420 420 5th St, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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Richmond, California 94801
Analysis of 420 420 5th St, Richmond, California 94801 is currently available with a list price of $400,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1910, this triplex has received updates, making it move-in ready. The kitchens feature functional cabinets (one with white shaker and stainless appliances, another with reddish-brown cabinets and a basic gas range) and laminate flooring. Bathrooms are clean but show dated elements like a pedestal sink and older shower doors. While well-maintained, the property's age and the style of the updates suggest renovations that are not recent (likely 10-20+ years old), indicating it's aged but maintained through regular upkeep rather than a comprehensive modern renovation. It is functional but could benefit from minor cosmetic updates to meet current aesthetic standards.
The property is fully leased at top-of-market rates, generating $7,650/month ($91,800 annually), offering an amazing ROI and immediate income from day one.
Features low annual maintenance costs (approx. $3,600 w/o property taxes) and tenants are responsible for all utilities, including water, maximizing net income.
Conveniently located just 7 minutes from the Richmond Ferry Terminal for fast access to San Francisco, and minutes from Kaiser hospital, enhancing tenant appeal.
Built in 1910, while described as well-maintained and updated, older properties can present unforeseen capital expenditure requirements for major systems in the long term.
The property is being sold through a bidding process, which can create a competitive environment, potentially driving up the final price and adding complexity for buyers.
Although units are updated, the description lacks specific details on recent upgrades to core building infrastructure (e.g., plumbing, electrical, roof), which is a common concern for properties of this vintage.
This Triplex with Cash Flow in a convenient location will unlock immediate income as it is fully leased at the top of the market, generating $7,650/month in rent—$91,800 annually—offering an amazing ROI, with low annual maintenance costs (approx. $3,600 w/o property taxes), this secure gated property is a rare opportunity to secure strong market rents from the start! Note: Tenants pay their own utilities, water and garbage! Property features: - Two spacious 3BD/1BA units in the duplex w/updates - A charming, updated 1BD/1BA, detached unit with a large basement for owner storage - In-unit laundry for the duplex units - Secure, gated parking for 6 vehicles - A sizable, secured, yard area, for tenant or owner use Conveniently located just minutes from the Richmond Ferry Terminal, with fast access to San Francisco. Plus, minutes to Kaiser hospital. This property may also qualify for special loan programs. Whether you're expanding your portfolio with this low expense, income-producing property in a growing market, or even want to move in and offset the mortgage with rental income, 420 5th Street delivers with long-term upside either way.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,978 | - | 89% |
| Lot Size | 5,650 | 5,000 | 78% |
| Price | $400.0K | $650.0K | 22% |
| Price per sq ft | $202 | $0 | 67% |
| Built year | 1910 | 1927 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 184 | 11% |
Mar 19, 2026
$400,000
$550,000
-27% Price Drop
Initial Listing
Jan 21, 2026
$550,000
Initial Listing
Mar 23, 2009
$99,000
Public Record
Mar 2, 2006
$540,000
Public Record
Oct 4, 2004
$550,000
Public Record
Jan 20, 2004
$495,000
Public Record