1317 Chanslor Ave, Richmond, California 94801, Richmond, - bed, bath
ACTIVE$599,000
1317 Chanslor Ave, Richmond, California 94801
0Bed
0Bath
Sqft
5,650Lot
Year Built
1913
Close
-
List price
$599K
Original List price
$725K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41092828
Home ConditionPoor
Features
View-
About this home
Great opportunity to own this great multifamily property which offers: --2 bedroom one bathroom --2 bedroom one bathroom --1 bedroom one bathroom --Large parking area Roof and parking concrete done recently. --Close to freeway, Elementary school and amenities.
Price History
Date
Event
Price
11/01/25
Price Change
$599,000-7.7%
09/28/25
Price Change
$649,000
04/10/25
Listing
$725,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,650 | 5,000 | 80% |
| Price | $599K | $599K | 50% |
| Price per square foot | $0 | $0 | |
| Built year | 1913 | 1919 | 40% |
| HOA | |||
| Days on market | 209 | 174 | 60% |
Condition Rating
Poor
Built in 1913, this property is over a century old. While the listing mentions a recently done roof and parking concrete, there are no interior images provided to assess the condition of the kitchens, bathrooms, flooring, or other critical systems. The exterior images show a dated structure with visible wear and tear, including a significantly dilapidated wooden staircase that appears unsafe. Without evidence of extensive recent renovations beyond the roof and parking, it's highly probable that the interior units, including kitchens and bathrooms, are severely outdated, require substantial rehabilitation, and major systems are likely beyond their expected lifespan, necessitating significant repairs and upgrades.
Pros & Cons
Pros
Income-Generating Triplex: The property is a multifamily triplex, offering three distinct units (two 2-bedroom, one 1-bedroom) which provides strong rental income potential and diversification.
Recent Capital Improvements: The roof and parking concrete have been recently updated, reducing immediate capital expenditure for a new owner and enhancing property longevity.
Ample Parking Area: A large parking area is a significant asset for a multi-unit property, providing convenience for tenants and increasing its overall appeal.
Strategic Location: Its proximity to the freeway, an elementary school, and various amenities makes it highly attractive to potential tenants, ensuring consistent demand.
Significant Price Reduction: The current list price of $599,000 represents a substantial reduction from the original $725,000, indicating a motivated seller and a potentially attractive entry point for investors.
Cons
Advanced Age of Property: Built in 1913, the property is over a century old, which may imply a need for ongoing maintenance, system upgrades (plumbing, electrical), or structural assessments not explicitly detailed.
Multiple Price Reductions: The property has undergone several price drops, which could signal initial overpricing, market resistance, or undisclosed issues that warrant thorough due diligence from potential buyers.
Limited Interior Condition Details: The description lacks specific information regarding the interior condition or recent renovations of the individual units, suggesting potential for necessary updates to maximize rental income and tenant appeal.