Available
$299,900(ARV: $575,000)52% of ARV

Contra Costa County, Richmond, CA 94805

2 bd1 ba821 sfBuilt 1948

12 days ago

Gross spread$275,100

Description

A great investment opportunity in Richmond. A classic single-family house, 2 Bedrooms, 1 Bath, 821 Sqft, with an attached garage. The Plumbing, Electrical panel and Water heater are old. Will be delivered with paying tenants. A wonderful Fix & Flip opportunity! Investment Highlights Comes with a sitting tenant paying $1,000 per month in rent Market rent is $2,500 per month, creating a value-add opportunity Zillow estimates house prices have appreciated by 2.3% over the past year in this ZIP code. Very competitive market Redfin Compete Score: 93/100 (“Most Competitive”) Most homes receive multiple offers, often with waived contingencies Average homes sell for about 8% above list price and go pending in around 18 days. Hot homes sell for about 16% above list price and go pending in around 14 days. Bottom of the market sold for $415,000 and was in much worse condition. In-demand footprint suitable for retail resale or buy-and-hold rental placement. Located in a prime Richmond location with convenient access to major Bay Area transit routes and employment hubs. Established residential neighborhood Wood floors in the living areas and bedrooms Living and dining room with access to the rear deck Dedicated laundry and utility area Low-maintenance stucco exterior Covered front porch / covered front entry porch Elevated rear wood deck Backyard with a detached storage shed Fenced yard with dual side-yard access corridors 2,482 sq ft lot For additional Information, call or text our disposition team at: [contact details hidden] or [contact details hidden]

$/sqft vs market

This deal$365/sqft
Market median$600/sqft
Difference−39% below

Median of 19 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet821
Lot size2,483 sf
Year built1948
ConditionLight Rehab
OccupancyOwner Occupied
ParkingAttached Garage

Systems & condition

Roof age11-20 yrs
HeatingOther
Air conditioningNone
FoundationOther
Foundation conditionFair

Self-reported by the seller. Not inspected.

Property information

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