440 Marina Way, Richmond, California 94804, Richmond, 94804 - 2 bed, 2 bath
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440 Marina Way
Richmond, California 94804
ACTIVE
CONDITION: POOR
2Beds
2Baths
890Sq Ft
2,575Lot Size
Property Price
LIST PRICE$349,000
EST. MARKET VALUE
$384,652
9% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $349,000—positioned well below the $384,653 Fair Market Value by 9%. This valuation gap offers $35,653 in Instant Equity for buyers prepared to execute a full residential conversion. With a Condition Rating of 5, the interior requires significant rehabilitation to transform the current office layout into a functional home. Featuring gated, covered off-street parking and a bonus storage room, this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a high-upside project.
Estimated Market Value
$384,652+$35,652 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1957 and previously used as an office, this 'investor special' requires a full residential conversion. Interior photos show unfinished construction with exposed studs and a lack of functional kitchen or updated systems, necessitating a complete rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Commuter Location
The property is ideally situated minutes from the Richmond Ferry Terminal for direct San Francisco access, with immediate proximity to I-580 and the Bay Trail.
- Rare Functional Amenities
Includes gated, covered off-street parking and a bonus storage room, which are highly desirable and uncommon features for the immediate area.
- Flexible Investment Potential
The current office-style interior layout provides a blank canvas for investors to reconfigure the 890 square feet into a modern, open-concept residential floor plan.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Marketed as an 'investor special,' the property requires significant capital and vision to convert the previous office configuration back into a functional living space.
- Low-Rated School District
The assigned public schools have low ratings ranging from 1 to 3, which may deter family-oriented buyers and impact future resale value.
About 440 Marina Way
Investor special in Richmond with real upside for the right buyer. Gated, covered off-street parking plus a bonus storage room, a rare find in the area, and a park directly across the street. Previously used as office space, the interior is currently divided by existing walls into a number of separate rooms, giving you a flexible canvas to reconfigure the layout or open it up into a brighter, more contemporary floor plan. Minutes to the Richmond Ferry Terminal and a quick ride into San Francisco, with easy access to I-580 and the Bay Trail. Bring your vision.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 2,575 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Nystrom Elementary School
Grades K-6 • 0.3 mi
3/10
Coronado Elementary School
Grades K-6 • 0.4 mi
2/10
Lovonya Dejean Middle School
Grades 7-8 • 1.2 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 1.5 |
| Square foot | 890 | 1,209.27 |
| Lot Size | 2,575 | 5,000 |
| Price | $349.0K | $682.4K |
| Price per sq ft | $392 | $516 |
| Built year | 1957 | 1949 |
| HOA | $0 | $144 |
| Days on market | 34 | 38 |
Pricing History
Listed for Sale
Aug 6, 2026
$349,000
Initial Listing
Sold
Mar 16, 2009
$41,000
Public Record
Sold
Aug 16, 2005
$370,000
Public Record
Sold
Sep 13, 1999
$76,000
Public Record