5401 Solano Ave, Richmond, California 94805, Richmond, 94805 - 2 bed, 1 bath
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5401 Solano Ave
Richmond, California 94805
ACTIVE
CONDITION: GOOD
2Beds
1Baths
944Sq Ft
4,800Lot Size
Property Price
LIST PRICE$598,000
EST. MARKET VALUE
$600,992
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $540,100—positioned well below the $574,436 Fair Market Value by 5%. This valuation gap provides $34,336 in Instant Equity. Featuring a Condition Rating of 3, the home includes a refreshed kitchen, paid solar, and a spacious sunroom. The corner lot offers significant ADU potential, making it a versatile asset. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready home with long-term growth potential.
Estimated Market Value
$600,992
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5401 Solano Ave Subject | $598,000* List Price | 2 | 1 | 944 | $637 | - |
A 5419 Solano Sold | $496,635 | 2 | 1 | 728 | $682 | 0.0 mi |
B 5418 Solano Ave Sold | $525,000 | 2 | 1 | 888 | $591 | 0.0 mi |
C 773 Ventura St Sold | $650,000 | 2 | 1 | 884 | $735 | 0.2 mi |
D 4312 Nevin Ave Sold | $665,000 | 2 | 1 | 951 | $699 | 0.7 mi |
E 6525 Hazel Ave Sold | $748,800 | 2 | 2 | 957 | $782 | 0.8 mi |
F 608 43rd St Sold | $615,000 | 2 | 1 | 883 | $696 | 0.5 mi |
G 438 43rd Street Sold | $530,000 | 2 | 1 | 881 | $602 | 0.7 mi |
H 844 Mclaughlin St Sold | $672,000 | 3 | 1 | 1,142 | $588 | 0.3 mi |
I 3811 Clinton Ave Pending | $499,999 List Price | 2 | 1 | 911 | $549 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1942, the property has undergone recent renovations making it move-in ready. Key updates include a refreshed kitchen with shaker cabinets, an updated bathroom, new flooring, fresh paint, and dual-pane windows. The inclusion of paid solar panels and modern lighting indicates well-maintained systems, fitting the criteria for a functional, turnkey home.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Updates
The home is move-in ready with extensive recent improvements, including new flooring, fresh paint, dual-pane windows, and a refreshed kitchen with modern shaker cabinets.
- Energy Efficiency
The property features a fully paid solar system, providing significant long-term value and reduced utility costs for the homeowner.
- ADU & Expansion Potential
Situated on a rectangular corner lot with a spacious backyard and existing storage shed, the property offers excellent potential for an Accessory Dwelling Unit (ADU) to increase value or rental income.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-06-18. The sold price is $413,000.00.
- Limited Living Space
At 944 square feet with only two bedrooms and one bathroom, the compact footprint may be a constraint for growing families or those requiring more interior volume.
- Local School Ratings
Several of the assigned middle and high schools in the immediate area have low performance ratings, which may impact appeal for families prioritizing education quality.
About 5401 Solano Ave
Welcome to this beautifully updated turnkey home in desirable East Richmond Heights! Filled with natural light, this move-in-ready home features 2 bedrooms, 1 updated bathroom, and a spacious sunroom perfect for a home office, playroom, or additional living space. Situated on a rectangular corner lot, it offers excellent ADU potential (buyer to verify). Recent updates include new flooring, fresh paint, dual-pane windows and sliding doors, modern lighting, and a refreshed kitchen with shaker cabinets. Enjoy the added value of paid solar for improved energy efficiency. The attached garage, extended driveway, attic storage, and spacious backyard with a storage shed and covered patio area provide endless possibilities for entertaining, gardening, or a future ADU. Mature fruit trees and landscaped backyard oasis. Conveniently located near shopping, dining, parks, schools, BART, and major freeways, this home is an exceptional opportunity for new homeowners or investors.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Riverside Elementary School
Grades K-6 • 0.6 mi
3/10
Mira Vista Elementary School
Grades K-8 • 0.6 mi
4/10
Lovonya Dejean Middle School
Grades 7-8 • 1.0 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 944 | 1,209.27 |
| Lot Size | 4,800 | 5,000 |
| Price | $598.0K | $682.4K |
| Price per sq ft | $633 | $516 |
| Built year | 1942 | 1949 |
| HOA | $0 | $144 |
| Days on market | 9 | 38 |
Pricing History
Listed for Sale
Sep 6, 2026
$598,000
$540,100
+11% Price Increase
Initial Listing
Price Change
Aug 31, 2026
$540,100
Initial Listing
Sold
Jun 18, 2026
$413,000
Public Record