860 860 7th St, Richmond, California 94801, Richmond, 94801 - 3 bed, 1 bath
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Richmond, California 94801
This Value-Add Residential Asset represents a Prime Investment Opportunity with a List Price of $415,000—positioned well below the $430,549 Fair Market Value by 3%. This valuation gap provides $15,549 in Instant Equity for buyers. While the property carries a Condition Rating of 4 due to deferred maintenance, it features a modernized bathroom and a private patio. Located steps from Peres Elementary School and major commuter routes, it offers significant forced appreciation potential. This is a strategic acquisition for Fix-and-Flip Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 860 860 7th St Subject | $415,000* List Price | 3 | 1 | 1,038 | $415 | - |
A 554 3rd St Sold | $493,000 | 4 | 2 | 1,148 | $429 | 0.5 mi |
B 1418 1418 Esmond Ave Sold | $365,000 | 2 | 1 | 812 | $450 | 0.4 mi |
C 502 Pennsylvania Sold | $455,000 | 4 | 2 | 1,254 | $363 | 0.2 mi |
D 747 9th St Active | $469,000 List Price | 3 | 1 | 1,032 | $454 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property exhibits a combination of partial updates and significant deferred maintenance. The bathroom has been updated with a modern vanity and light fixture, and the main living areas feature newer laminate flooring. However, the bedroom carpet is extremely soiled and requires immediate replacement, and the walls show significant scuffing. Built in 1944, the home is functional but requires minor cosmetic rehabilitation and deep cleaning to meet modern move-in standards.
Priced competitively at $415,000 for a three-bedroom home, this property offers a significant entry-level opportunity for first-time buyers or investors looking to build equity through customization.
Situated with convenient access to major East Bay commuter routes and public transportation, the home is ideal for professionals working in the surrounding metropolitan areas.
The property is located within walking distance of Peres Elementary School and near local parks, enhancing its appeal for families seeking neighborhood convenience.
Built in 1944 and marketed as having 'room for customization,' the property likely requires updates or repairs to meet modern standards, necessitating additional capital investment.
The assigned middle schools carry low performance ratings (1/10), which may be a concern for families prioritizing academic district quality.
This Richmond property offers a solid opportunity for buyers and investors seeking value, location, and potential. Located on a residential street with convenient access to major commuter routes, public transportation, shopping, dining, and everyday amenities, the home provides both accessibility and neighborhood appeal. The property offers a functional layout with room for customization, making it well suited for first-time buyers looking to enter the market or investors exploring long-term potential. Close proximity to local parks, schools, and East Bay corridors enhances overall livability and convenience. Additional details and professional photography will be provided. Buyer to verify all information, square footage, and permits.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 32% |
| Square foot | 1,038 | 1,265.5 | 32% |
| Lot Size | 4,000 | 3,571 | 59% |
| Price | $415.0K | $537.5K | 12% |
| Price per sq ft | $400 | $416 | 41% |
| Built year | 1944 | 1951 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 168 | 3% |
Mar 9, 2026
$415,000
Initial Listing
Jan 6, 2017
$330,000
Public Record
Feb 26, 2016
$129,000
Public Record
Jun 10, 2009
$11,000
Public Record
Jul 7, 2006
$450,000
Public Record
Apr 21, 2006
$450,000
Public Record