532 5th St, Richmond, California 94801, Richmond, 94801 - 5 bed, 4 bath
532 5th St
Richmond, California 94801
Property Price
SUMMARY
Analysis of 532 5th St, Richmond, California 94801 reveals a Prime Investment Opportunity with a current list price of $599,000—significantly undercutting the $637,926 Fair Market Value by 6%. This valuation gap indicates a +$38,926 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 5th St Subject | $599,000* List Price | 5 | 4 | 2,000 | $319 | - |
A 505 Nevin Ave Sold | $680,000 | 4 | 3 | 2,202 | $309 | 0.1 mi |
B 2110 Barrett Ave Sold | $570,000 | 4 | 3 | 1,624 | $351 | 0.8 mi |
C 240 5th St Sold | $540,000 | 4 | 2 | 1,496 | $361 | 0.3 mi |
D 210 210 Chanslor Ave Active | $599,000 List Price | 4 | 2 | 2,011 | $298 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1906, this property has undergone extensive, permitted renovations, effectively making it 'almost a brand new house' as stated in the description. Both the main house and the new ADU feature brand new, modern kitchens with stainless steel appliances, quartz countertops, and contemporary cabinetry. Bathrooms are fully updated with new vanities, smart mirrors, modern fixtures, and glass-enclosed showers. New dual-pane windows, fresh paint, wood-look tile flooring, new carpets, and updated lighting (recessed and modern pendants) are evident throughout. Major systems like the water heater and electrical panels appear new, and mini-split AC units are visible in the ADU. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Renovations
The property has undergone major, permitted upgrades, including a new kitchen, appliances, dual-pane windows, paint, hardwood floors, granite counters, doors, bathrooms, lights, smart mirrors, and carpets, effectively transforming a 1906-built house into an 'almost brand new' home.
- Income-Generating ADU
A new, permitted in-law unit (ADU) with 1 bedroom, living room, full bath, and kitchen provides significant income potential, allowing for rental of the ADU or both units, appealing to investors or homeowners seeking mortgage assistance.
- Prime Location & Walkability
The property boasts a convenient location within walking distance to Kaiser Permanente and just a few blocks from City Hall, offering excellent accessibility to essential services and urban amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1560. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Age of Original Structure
Despite extensive renovations, the property's original construction year of 1906 could raise concerns for some buyers regarding the condition of underlying infrastructure (e.g., foundation, older plumbing/electrical not explicitly upgraded) or long-term maintenance associated with very old homes.
- Inconsistent School Performance
The proximity to several public schools with low ratings (e.g., Lovonya Dejean Middle School, Helms Middle School, and Kennedy High School all rated 1 or 2) could be a significant drawback for families prioritizing access to highly-rated public education.
About 532 5th St
Almost a brand new house with a new permitted in-law unit in the back! Major upgrades. New kitchen, appliances, dual pane windows, paint, hardwood-floor, granite counters, doors, bathrooms, lights, smart mirrors, carpets, cabinets & much more to list here! Move in the main house & rent the ADU or rent both units for income! 4 bedrooms & 2.5 bathrooms in the main house + Balcony. 1 bedroom, living room, full bath & kitchen in the ADU. Walking distance to Kaiser Permanente & a few blocks to the City Hall. Hurry, this is a winner!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 4,200 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Peres Elementary School
Grades K-6 • 0.3 mi
Lincoln Elementary School
Grades K-6 • 0.5 mi
Washington Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 4.0 | 2.0 | 90% |
| Square foot | 2,000 | 1,417 | 76% |
| Lot Size | 4,200 | 3,750 | 66% |
| Price | $599.0K | $540.0K | 66% |
| Price per sq ft | $300 | $414 | 7% |
| Built year | 1906 | 1949 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 176 | 10% |
Pricing History
Listed for Sale
Jan 14, 2026
$599,000
Initial Listing
Sold
Nov 24, 2015
$230,000
Public Record
Sold
May 29, 1997
$110,000
Public Record