5312 Sacramento Ave, Richmond, California 94804, Richmond, - bed, bath

home-pic
ACTIVE$1,100,000
5312 Sacramento Ave, Richmond, California 94804
0Bed
0Bath
Sqft
6,100Lot
Year Built
1953
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41093616
Home ConditionFair
Features
Patio
View-

About this home

This is a rare gem. Two houses on one lot in the Annex! This is a great opportunity for an extended family living arrangement. You may not find this type of property again for who knows how long. Same family ownership since the 50's. Parcel originally had one home. The owner's father moved a house from where the 80 Freeway was being developed to this current lot back in the late 50's. Very well maintained over all the years. Over time each unit has been improved with newer force-air furnaces, water heaters and double pane windows, updated LED lighting and electrical. Most recently 2515 has refinished hardwood floors, insulation, newer furnace and water heater, plus has a full basement and some earthquake retrofitting. 5312 Sac has a finished basement, newer furnace and water heater. Separate water, gas and electric meters to each unit. Property sqft is not verified since the county assessor has incorrect data. Interiors are very well kept. Electric main and interior sub panels have been updated and EV outlets are in the garages. With homes selling in the annex for $700k plus, here you can purchase two quality homes for lots less!

Price History

Date
Event
Price
09/28/25
Price Change
$1,100,000
04/16/25
Listing
$1,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (89 Listings)
Beds03
Baths02
Square foot01,125
Lot Size6,1005,000
96%
Price$1.1M$618K
94%
Price per square foot$0$561.5
Built year19539715972
70%
HOA
Days on market203160
79%
Condition Rating
Fair

The property, built in 1953, has received significant functional updates including newer furnaces, water heaters, double-pane windows, updated LED lighting, and electrical panels with EV outlets. One unit also boasts refinished hardwood floors and earthquake retrofitting. While these system upgrades are excellent and indicate good maintenance, the kitchen and bathroom areas are notably dated in style, featuring older cabinets, countertops, appliances, and flooring. The overall aesthetic of these key areas would require substantial cosmetic renovation to meet current market expectations, placing the property in the 'Fair' category despite its well-maintained major systems.
Pros & Cons

Pros

Dual Unit Property: A rare offering of two independent houses on one lot, providing exceptional flexibility for extended family living or significant rental income potential.
Extensive System Updates: Both units have received substantial upgrades including newer force-air furnaces, water heaters, double-pane windows, updated LED lighting, and electrical panels, enhancing comfort and efficiency.
Separate Utilities: Each unit benefits from separate water, gas, and electric meters, simplifying utility management and making it ideal for multi-family or rental arrangements.
Modern Electrical Infrastructure: Updated electric main and interior sub panels, along with the inclusion of EV outlets in the garages, cater to contemporary energy needs and add significant value.
Strong Value Proposition: The property offers two quality homes at a price point significantly below the cost of purchasing two separate homes in the desirable Richmond Annex area.

Cons

Unverified Square Footage: The property's square footage is not verified due to incorrect county assessor data, which may create uncertainty for valuation and financing.
Discrepancy in Unit Upgrades: While both units are updated, the description highlights more recent and specific upgrades (e.g., refinished hardwood floors, insulation, earthquake retrofitting) for one unit (2515) than the other (5312 Sac), suggesting potential differences in current condition or requiring further buyer investigation.
Age of Original Structures: Built in 1953, the underlying structures are older, and while well-maintained and updated, they may still feature layouts or architectural styles that might not appeal to all modern buyers, or could imply potential for unforeseen issues not covered by recent improvements.

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