733 40th St, Richmond, California 94805, Richmond, 94805 - 3 bed, 2 bath
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733 40th St
Richmond, California 94805
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,725Sq Ft
5,000Lot Size
Property Price
LIST PRICE$799,999
EST. MARKET VALUE
$819,229
SUMMARY
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $678,000—positioned well below the $705,114 Fair Market Value by 3%. This valuation gap provides $27,114 in Instant Equity. Featuring an Excellent Condition Rating with a newer roof, solar system, and updated quartz kitchen, the home offers immediate comfort. While local school ratings are modest, the property’s commuter-friendly location and modern upgrades make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home.
Estimated Market Value
$819,229
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 |
|---|---|---|---|---|---|---|
★ 733 40th St Subject | $799,999* List Price | 3 | 2 | 1,725 | $475 | - |
A 600 Mclaughlin St Sold | $925,000 | 3 | 3 | 1,656 | $559 | 0.4 mi |
B 5125 Solano Ave Sold | $875,000 | 4 | 3 | 1,556 | $562 | 0.2 mi |
C 5411 Garvin Ave Sold | $800,000 | 2 | 2 | 1,491 | $537 | 0.4 mi |
D 604 Key Boulevard Sold | $835,000 | 3 | 2 | 1,813 | $461 | 0.4 mi |
E 738 Ventura St Sold | $800,000 | 3 | 2 | 1,428 | $560 | 0.3 mi |
F 5728 Yale Ave Sold | $880,000 | 3 | 1 | 1,495 | $589 | 0.6 mi |
G 3428 Esmond Avenue Sold | $740,000 | 3 | 1 | 1,380 | $536 | 0.3 mi |
H 971 34th St Sold | $685,000 | 4 | 2 | 1,702 | $402 | 0.4 mi |
I 638 36th St Pending | $725,000 List Price | 3 | 2 | 1,526 | $475 | 0.3 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 built in 1954, the property has undergone significant recent renovations including a newer roof, solar system, and modern HVAC (heat pump/AC). The kitchen is updated with quartz countertops and the interior features refinished cherry wood floors and fresh paint, making it fully move-in ready and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Modern Systems
The property features significant high-value upgrades including a newer roof, solar system, heat pump, and central air conditioning, providing modern comfort and long-term utility savings.
- Premium Interior Finishes
The home is move-in ready with high-end finishes such as refinished cherry wood floors, quartz countertops, and a spacious 1,725 sq ft single-story layout that appeals to a wide range of buyers.
- Desirable Corner Lot & Location
Situated on a 5,000 sq ft corner lot in the North & East neighborhood, the home offers multiple outdoor living spaces and excellent commuter access to I-80 and BART.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The local assigned schools have low ratings (ranging from 1 to 3), which may deter families with school-aged children and negatively impact long-term appreciation.
- Negative Price Trend
The current list price of $678,000 is approximately 4% lower than the property's 2020 sale price of $705,000, suggesting a lack of equity growth over the last few years.
About 733 40th St
Charming 3-bedroom, 2-bath single-story home in Richmond’s North & East neighborhood. This 1,725 sq ft, Well-maintained home with numerous recent upgrades features a heat pump, central air conditioning, a newer roof and solar system. House refinished with cherry wood floors, fresh paint, an open living & dining area, and an updated kitchen with quartz counters & breakfast nook. Set on a 5,000 sq ft corner lot with multiple patio areas and a detached garage. Convenient access to I-80, BART, school and local transportation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Richmond Unified Schools
Wilson Elementary School
Grades K-6 • 0.2 mi
3/10
Lovonya Dejean Middle School
Grades 7-8 • 0.7 mi
1/10
Kennedy High School
Grades 9-12 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,725 | 1,209.27 |
| Lot Size | 5,000 | 5,000 |
| Price | $800.0K | $682.4K |
| Price per sq ft | $464 | $516 |
| Built year | 1954 | 1949 |
| HOA | $0 | $144 |
| Days on market | 86 | 38 |
Pricing History
Listed for Sale
Aug 11, 2026
$799,999
$678,000
+18% Price Increase
Initial Listing
Price Change
Jun 15, 2026
$678,000
Initial Listing
Sold
Oct 26, 2020
$705,000
Public Record