5801 Madison Avenue, Richmond, California 94804, Richmond, 94804 - bed, bath
5801 Madison Avenue
Richmond, California 94804
Property Price
SUMMARY
Analysis of 5801 Madison Avenue, Richmond, California 94804 is currently available with a list price of $999,950. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1944, the property is well-maintained but shows clear signs of age. The kitchens and bathrooms are functional but outdated, featuring older tile countertops, basic cabinetry, and aged appliances. While the hardwood floors and overall structure appear solid, the interior finishes, wall heaters, and fixtures lack modern updates, placing it firmly in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Individual Metering
Each of the four units is equipped with its own gas and electric meters, significantly reducing owner-paid utility expenses and simplifying property management.
- Strategic Location
Situated near El Cerrito City Hall with easy access to public transit, freeways, and local amenities, the property is positioned to attract high-quality tenants and maintain low vacancy rates.
- Recent Price Improvement
A substantial $100,000 price reduction from the original listing price enhances the property's capitalization rate and overall value proposition for investors.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1944, the property may require more frequent maintenance or capital expenditures to address aging systems compared to newer construction.
- Limited Unit Diversity
The uniform mix of only one-bedroom, one-bathroom units may limit the tenant pool to individuals or couples, potentially leading to higher turnover than family-sized units.
About 5801 Madison Avenue
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!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1944
- Lot Size
- 5,770 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,714 | - | 71% |
| Lot Size | 5,770 | 5,540 | 86% |
| Price | $1000.0K | $1000.0K | 50% |
| Price per sq ft | $368 | $0 | 86% |
| Built year | 1944 | 1959 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 482 | 240 | 0% |
Pricing History
Listed for Sale
Sep 28, 2025
$999,950
Initial Listing
Price Change
Nov 10, 2024
$1,099,950
Initial Listing