Property Overview:
495 Key Blvd / 5030 Barrett Ave is a corner duplex in Richmond, CA 94805, built in 1939. The property features two separate units with distinct addresses:
- 5030 Barrett Ave (Vacant): 2 bedrooms, 1 bath (dining room converted to extra bedroom), updated kitchen, fresh paint, move-in ready.
- 495 Key Blvd (Tenant-Occupied): 1 bedroom + 1 den, 1 bath, well-kept, separate entrance.
Total living space: 1,764 sq. ft. on a 5,000 sq. ft. lot.
Each unit has its own garage (one converted to AirBnB studio), separate utilities, and fenced yard.
Estimated home value: ~$283,200 (recent sale: $554,000 in 2020).
Great investment opportunity—has not been on the market since the late 1970s.
Neighborhood Highlights:
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Average Sale Price:
- Similar homes: $762,606 – $805,351.
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Crime Rate:
- Personal crime risk: 25.8% (higher than state average of 11.8%).
- Property crime risk: 34.9% (higher than state average of 10.8%).
- 6 criminal/sex offenders within 1 mile.
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Schools:
Nearby schools are above average and include:- Mira Vista Elementary
- Fred T Korematsu Middle
- El Cerrito High
- Average SAT score: 954 (below state average of 975).
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Job Market:
- 64.6% white-collar jobs, 35.4% blue-collar jobs.
- Unemployment rate: 3.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 12,954 (0.5% growth since 2000).
- 65.6% families with children.
- Largest age group: 45-54 years (16.1%).
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Natural Disaster Risk:
- Very high earthquake risk
- Very low tornado risk
- Minimal flood risk
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Weather:
- Average temperature: 50.7°F (January), 78.4°F (July)
- Average rainfall: 16.7 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $62,164
- Average annual spending: $49,681
Property Features:
- Turn-key investment with excellent tenant (never missed payment since 2007).
- Each unit:
- Mirror construction
- Separate address, gas, and electric meters
- Large fenced yards (new tall fencing for privacy)
- Upgrades:
- Electrical and plumbing
- 220V outlet for fast EV charging (Unit 1 yard)
- Garage:
- Converted to AirBnB studio (kitchen, bath, refrigerator; $100/day or $1,500/month), can be reverted to garage.
- Location:
- Corner of Key Blvd & Barrett Ave
- Blocks from San Pablo Ave, Barrett Ave, Del Norte BART Station
- Easy access to I-80, groceries, restaurants, shopping, and bus to UC Berkeley
- Separate utilities and entrances for both units.
Location Benefits:
- Highly desirable area on the border of Richmond and El Cerrito.
- Commuter-friendly: Close to BART, I-80, and public transit.
- Great for investors: Live in one unit, rent the other, or use AirBnB for extra income.
- Proximity to parks, schools, shopping, and dining.
- Seller incentives: Will pay tenant relocation fee if buyer wants to occupy both units; working on rent increase petition for buyer.