501 S 30th St, Richmond, California 94804, Richmond, 94804 - bed, bath
501 S 30th St
Richmond, California 94804
Property Price
SUMMARY
Analysis of 501 S 30th St, Richmond, California 94804 is currently available with a list price of $949,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1965, benefits from significant recent upgrades including new roofs, stucco, windows, and interior wall insulation, which are major system improvements. One of the four units has been fully remodeled, featuring a modern kitchen with updated cabinets, granite-look countertops, a stainless steel range hood, and new LVP flooring throughout, along with an updated bathroom. While the listing notes that the other three units may require 'further interior investment,' implying they are functional but outdated, the substantial exterior and structural renovations, combined with one move-in ready unit, elevate the overall condition to 'Good.' It is not 'Excellent' as not all units are fully renovated, but the property is well-maintained and has had significant recent capital improvements.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Upside Potential
The property offers substantial upside potential through increasing below-market rents and the ability to add value via ADU conversions.
- ADU Development Opportunities
Four detached covered parking garages can be converted to ADUs, and a spacious backyard allows for additional ADU development, significantly boosting income potential under new state overlay.
- Attractive Financials & Financing
Features a current cap rate of 6.17% and a proforma of 9.25%, coupled with a low 3% interest rate available for qualified investors, making it a strong investment.
CONSRISKS & DEFICIENCIES
- Below Market Rents
All units are currently rented below market rates, with three substantially under area rates, requiring active management to optimize rental income.
- Limited Unit Modernization
While general upgrades have been made, only one unit has been fully remodeled, suggesting the other three units may require further interior investment to achieve top market rents.
- Conditional Financing Offer
The attractive 3% interest rate is available specifically for investors with a large downpayment, which may limit the pool of potential buyers or require significant upfront capital.
About 501 S 30th St
Well-maintained 4-unit complex with significant upside potential. All units rent below market, with three substantially under area rates. The property features four larger-than-average units that are two bedroom one bath each, four detached covered parking garages that could be converted to ADUs under new state overlay, and a spacious backyard suitable for additional ADU development. Fully occupied with strong rental demand. Recent upgrades include new roofs, one remodeled unit, interior wall insulation, flooring, stucco & window upgrades. Laundry hookups available for coin/card-op conversion. See current cap rate 6.17% and proforma 9.25%, view in disclosure packet. Low 3% interest rate avalible for investors with large downpayment. Contact listing agent for details.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 6,400 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | - | 50% |
| Lot Size | 6,400 | 5,540 | 86% |
| Price | $949.0K | $949.0K | 50% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1965 | 1960 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 198 | 29% |
Pricing History
Listed for Sale
Jan 9, 2026
$949,000
$959,000
-1% Price Drop
Initial Listing
Price Change
Nov 18, 2025
$959,000
Initial Listing
Sold
Aug 27, 2020
$815,000
Public Record
Sold
Jul 20, 2009
$262,000
Public Record
Sold
Jun 30, 2005
$655,000
Public Record