421 5th Street, Richmond, California 94801, Richmond, 94801 - 3 bed, 1 bath
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Richmond, California 94801
This Investor Opportunity is a High-Potential Investment Opportunity with a List Price of $399,999—positioned well below the $401,829 Fair Market Value by 1%. This 1,586 sq. ft. Single Family Residence offers $1,830 in Instant Equity with significant upside through rehabilitation. The property features Tandem Parking for 3 Cars and is located near Lincoln Elementary and Richmond High School. With a Condition Rating of 5, this 1913 build requires modernization to reach its full potential. This asset is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 5th Street Subject | $399,999* List Price | 3 | 1 | 1,586 | $253 | - |
A 545 3rd St Pending | $385,000 List Price | 4 | 1 | 1,483 | $260 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1913, this property is explicitly marketed as an investor opportunity for cash buyers, indicating it likely does not meet traditional financing requirements due to its condition. The home features a severely outdated kitchen and bathroom, visible wear on flooring and walls, and aged systems that require substantial rehabilitation and modernization to be considered move-in ready.
Marketed as a prime investor opportunity, this property offers significant upside for buyers looking to renovate and build equity quickly in the Richmond market.
At $399,999 for over 1,500 square feet, the property represents a rare entry-level price point for a detached single-family home in the Bay Area.
The inclusion of tandem parking for up to three cars at the rear of the property is a major asset that adds convenience and value in a high-density area.
The property is ideally suited for cash buyers, suggesting that its current condition may not meet the requirements for traditional FHA or conventional financing.
The local middle and high schools carry low ratings (1-3 out of 10), which may be a deterrent for families prioritizing academic performance.
Built in 1913, the home likely requires substantial updates to its core systems, such as electrical, plumbing, and foundation, to meet modern standards.
Welcome to this INVESTOR OPPORTUNITY, property with a great location, Unlock the massive potential of this 1,586 sq. ft. living area! this two-story home offers a generous 3-bedroom floor plan and a roomy downstairs living area that is rare at this price point, additional Tanden parking for up to 3 cars in the back of the property, It is ideally suited for cash buyers who want to build equity quickly. Do not miss this opportunity to own this property.
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 | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 32% |
| Square foot | 1,586 | 1,342.5 | 62% |
| Lot Size | 2,825 | 3,463 | 38% |
| Price | $400.0K | $537.5K | 9% |
| Price per sq ft | $252 | $416 | 6% |
| Built year | 1913 | 1951 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 168 | 12% |
Feb 12, 2026
$399,999
Initial Listing
Oct 11, 2022
$332,000
Public Record
Mar 8, 2022
$332,000
Public Record
Jun 16, 2009
$65,500
Public Record
Apr 5, 2004
$200,000
Public Record
Mar 16, 2004
$129,000
Public Record