5801 Madison Avenue, Richmond, California 94804, Richmond, 94804 - 0 bed, 0 bath
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Richmond, California 94804
Analysis of 5801 Madison Avenue, Richmond, California 94804 is currently available with a list price of $955,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
The property, built in 1944, is well-maintained but shows its age. While the kitchens have received partial updates including granite countertops and modern gooseneck faucets, the overall interior remains dated with older wall heaters, basic carpeting, and simple light fixtures. It is functional and move-in ready for tenants, but the vintage infrastructure and lack of a comprehensive modern renovation align with a fair condition rating.
Each of the four units is equipped with its own gas and electric meters, which minimizes landlord overhead and simplifies utility management for the owner.
The property is ideally situated near El Cerrito City Hall and public transportation hubs, offering tenants easy access to shops, restaurants, and freeways.
As a four-plex, this property qualifies for residential financing while providing four separate income streams, making it an ideal entry point for new investors or a solid addition to a portfolio.
The property has been on the market for over 500 days with multiple price reductions, which may lead to buyer skepticism regarding its valuation or underlying condition.
Built in 1944, the property likely requires ongoing maintenance and potential capital expenditures to update aging systems common in mid-century structures.
Welcome to one of the best investment opportunities on the market! This quality four-plex features, you've guessed it, FOUR outstanding one-bed, one-bath units, each with its own gas and electric meters. Located down the street from El Cerrito City Hall, this property sits at a prime, yet quiet location, with easy access to shops, restaurants, freeways, and public transportation...an excellent attraction for great tenants. Whether you want to own your first investment property or you are a seasoned investor wanting to add another quality property to your portfolio, this is the right choice for you. Make this incredible four-plex yours today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,714 | 1,357 | 50% |
| Lot Size | 5,770 | 5,675 | 67% |
| Price | $955.0K | $927.5K | 50% |
| Price per sq ft | $352 | $99 | 83% |
| Built year | 1944 | 1960 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 528 | 229 | 0% |
Apr 15, 2026
$955,000
$999,950
-4% Price Drop
Initial Listing
Sep 28, 2025
$999,950
Initial Listing
Nov 10, 2024
$1,099,950
Initial Listing