1
Map
$650,000
●
House -
Off Market
1506 Elm Ave
Richmond, CA 94805
3 Beds
2 Baths
1,352 Ft²
$2,696
Est. Monthly
About This Property
What if the best part of this Richmond Heights home is what you
choose to do with it next? 1506 Elm Avenue has character worth
preserving and plenty of opportunity to make it your own. The
living room makes an immediate impression with its exposed
wood-beamed ceiling, stone fireplace, built-in shelving and
hardwood floors that continue through much of the home. Rather than
starting over, imagine refinishing the floors, highlighting the
existing woodwork and making thoughtful updates along the way. The
vintage kitchen is ready for a fresh vision, while the spacious
rear room, filled with natural light and built-in cabinetry, offers
even more possibilities for a creative redesign. Outside, mature
greenery and established lemon trees frame a backyard with room to
garden, entertain or simply unwind. Beyond the property, enjoy
nearby Alvarado Park and Wildcat Canyon Regional Park for trails
and open space, Arlington Market just around the corner, plus
convenient access to El Cerrito del Norte BART and I-80. Preserve
what you love, reimagine what's ready for change, and make 1506 Elm
Avenue your own.
Unit Size
1,352 Ft²
Days on Market
43 days
Land Size
0.09 acres
Price per sqft
$406
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 days ago (bridgeMLS/CCAR/Bay East AOR #41147543)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2026 | Sold | ||
| Sold | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed by BHG Reliance Partners | $549,000 | |
| Listed by BHG Reliance Partners | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About East Richmond Heights
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Listed by: Derek Han, BHG Reliance Partners
Last Updated: 7 days ago
Data Source: CRMLS, MLS# 41147543
Last Updated: 7 days ago
Data Source: CRMLS, MLS# 41147543
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