5419 Solano, Richmond, California 94805, Richmond, 94805 - 2 bed, 1 bath
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Richmond, California 94805
This Development-Ready Residential Asset is listed at $500,000, reflecting a price point that accounts for its significant RL2 Zoning upside compared to the $452,736 Fair Market Value. The 4,800 sqft lot offers a clear path to ROI through duplex or secondary unit development. The home maintains a Condition Rating of 4 with functional updates like dual-pane windows, a new water heater, and a private patio. Located in the West Contra Costa District near Mira Vista Elementary, this property is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5419 Solano Subject | $500,000* List Price | 2 | 1 | 728 | $622 | - |
A 320 40th St Sold | $589,000 | 2 | 1 | 956 | $616 | 0.8 mi |
B 5418 Solano Ave Pending | $499,000 List Price | 2 | 1 | 888 | $562 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, the property is functional and maintained but shows clear signs of aging. While it features some updates like dual-pane windows, a new water heater, and newer laminate/tile flooring, the bathroom and overall interior styling appear to be from renovations completed 15-30 years ago. It is move-in ready but outdated by modern standards.
The RL2 zoning and generous lot size provide significant upside, offering the potential to develop a duplex or an additional single-unit dwelling on the property.
The home features essential modern updates, including dual-pane windows and a brand-new water heater, which improve energy efficiency and reduce immediate maintenance costs.
Ideally situated with easy access to the nearby freeway and local amenities, this property is well-positioned for residents seeking a convenient Bay Area commute.
With only 728 square feet of living space, the home's compact footprint may feel restrictive for buyers accustomed to more spacious modern layouts.
The property is served by several schools with low performance ratings, which could be a drawback for families and may impact long-term resale value.
2 bedrooms and one bath on a huge lot. Dwelling also may include a small lot single unit development, or a duplex. Zoned RL2, great location. The nearby freeway is close to all amenities. Dual-pane windows and a new water heater.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-8 • 0.6 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 728 | 1,218 | 5% |
| Lot Size | 4,800 | 5,000 | 43% |
| Price | $500.0K | $762.5K | 5% |
| Price per sq ft | $687 | $600 | 75% |
| Built year | 1941 | 1944 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 161 | 20% |
Feb 21, 2026
$500,000
Initial Listing
Jul 25, 2022
$650,000
Public Record