5801 Madison Avenue, Richmond, CA 94112, Richmond, 94112 - 0 bed, 0 bath
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5801 Madison Avenue
Richmond, CA 94112
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,714Sq Ft
5,772Lot Size
Property Price
LIST PRICE$798,000
SUMMARY
5801 Madison Avenue presents a strong opportunity for investors looking to add a well-located fourplex to their portfolio. The property features four one-bedroom, one-bath units, each with separate gas and electric meters, offering a straightforward multifamily setup with stable rental income. Located near El Cerrito City Hall, shops, restaurants, freeway access, and BART, the property offers convenience for tenants while still being tucked into a residential setting. With all units designed for efficient long-term rental use, this is an opportunity for both first-time investors and experienced multifamily buyers to purchase an East Bay income property with room to evaluate future upside.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1944, the property shows signs of a mid-range renovation likely 15-20 years ago, specifically in the kitchen with granite countertops and tile flooring. However, the units remain dated with older wall heaters, worn carpeting, and black appliances. The exterior wooden staircases show significant weathering and age, suggesting a need for minor repairs and general modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Commuter Location
Situated near El Cerrito City Hall, BART, and major freeway access, the property offers exceptional convenience for tenants, ensuring consistent rental demand in a desirable East Bay pocket.
- Operational Efficiency
The building features separate gas and electric meters for each of the four units, significantly reducing landlord utility overhead and simplifying property management.
- Compelling Value Proposition
Currently listed at $850,000, the property is priced significantly below its 2021 sale price of $1.05M, offering investors a high-potential entry point with immediate equity opportunity.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1944, the property likely requires ongoing maintenance or capital improvements to modernize aging systems and structural components typical of mid-century assets.
- Limited Unit Mix
The configuration of exclusively one-bedroom units may result in higher tenant turnover and limits the appeal to a narrower demographic compared to multi-bedroom family units.
About 5801 Madison Avenue
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1944
- Lot Size
- 5,772 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,714 | 2,524.75 |
| Lot Size | 5,772 | 5,600.222 |
| Price | $798.0K | $854.3K |
| Price per sq ft | $294 | $399 |
| Built year | 1944 | 1947 |
| HOA | $0 | $0 |
| Days on market | 75 | 66 |
Pricing History
Listed for Sale
Oct 3, 2026
$798,000
$850,000
-6% Price Drop
Initial Listing
Price Change
Aug 10, 2026
$850,000
Initial Listing
Sold
Aug 16, 2021
$1,050,000
Public Record
Sold
Aug 31, 2017
$750,000
Public Record