457 S 18th Street, Richmond, California 94804, Richmond, 94804 - 0 bed, 0 bath
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Richmond, California 94804
This High-Potential Investment Opportunity is a Four-Unit Residential Income Asset listed at $998,000, positioned well above the $825,455 Fair Market Value. While the property requires capital for its Condition Rating of 5, it offers significant operational efficiency through separate utility metering and private garages and patios. The location provides strong commuter access to BART and major interstates, supporting consistent rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers focused on long-term portfolio growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 457 S 18th Street Subject | $998,000* List Price | 0 | 0 | 3,652 | $226 | - |
A 428 9th St Sold | $710,000 | 0 | 0 | 3,574 | $199 | 0.5 mi |
B 100 S 21st Street Active | $930,000 List Price | 0 | 0 | 3,288 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems. The exterior shows signs of deferred maintenance, including dented garage doors, and the property's age suggests it likely requires significant rehab to meet modern safety and functional standards.
The property is separately metered for water, electricity, and gas, which significantly reduces landlord overhead and simplifies expense management for investors.
Each unit includes a private garage, private patio, and in-unit laundry hookups—premium features for a quadruplex that enhance rental desirability and tenant retention.
Proximity to Richmond BART, Amtrak, and major interstates (I-580/I-80) makes this an ideal location for tenants commuting to San Francisco, Oakland, or Marin County.
The local schools carry low ratings (1-3 out of 10), which may limit the property's appeal to families and impact long-term capital appreciation.
Built in 1962, the property may require significant capital expenditures for deferred maintenance or upgrades to aging structural and mechanical systems.
**Four-Unit Investment Property with Private Garages and Patios** Discover an excellent investment opportunity at 457 S. 18th Street in Richmond. This well-located four-unit building features spacious residential units, each offering its own private garage and patiohighly desirable amenities that provide residents with additional parking, storage, and outdoor living space. The property is separately metered for water, electricity, and gas, allowing tenants to manage their own utility usage while helping simplify operating expenses for ownership. Each unit also includes convenient laundry hookups. Situated near neighborhood shopping, dining, schools, parks, and other everyday amenities, the property offers convenient access to AC Transit bus service and the Richmond BART and Amtrak transportation hub. Commuters also benefit from access to Interstate 580 and Interstate 80, providing connections throughout the East Bay, San Francisco, Marin County, and the greater Bay Area. With its spacious units, separate utility meters, individual garages, private patios, and convenient Richmond location, 457 S. 18th Street presents a compelling opportunity for investors seeking a well-positioned multifamily asset.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,652 | 2,872 |
| Lot Size | 5,000 | 5,450 |
| Price | $998.0K | $812.9K |
| Price per sq ft | $273 | $379 |
| Built year | 1962 | 1936 |
| HOA | $0 | $0 |
| Days on market | 16 | 72 |
Jul 7, 2026
$998,000
Initial Listing
Oct 20, 2015
$600,000
Public Record
Mar 24, 2003
$500,000
Public Record