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243 Nevada Ave

Point Richmond · Richmond

243 Nevada Ave

Style

Single Family Residence

Zoning

RL1

Year built

1904

Existing

2 bd · 1 ba

Interior

1,024 sf

Lot size

2,849 sf

$619,000

For Sale

Development Scenarios

Here's how you can use existing housing laws to add more housing units to this property. For illustrative purposes only, as actual site conditions should be verified in person.

Single-Family Homes and ADUs on Separate Lots

Add 1 potential unit
$524K-$695K estimated cost
$682K-$1M future value add

Applicable but Space Constrained: ADU

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Density level

Density controls will appear after the model finishes loading.

Generating the lot configuration for this scenario and density...

Financials

These estimates model the potential development economics for this scenario using local construction costs and comparable sale prices. They're provided for illustrative purposes only and aren't financial advice.

Selected ScenarioSB9
Estimated Project Cost
$1,161,822
SB9 scenario · 1 new unit · 1,116 new sf
Build Cost / SF
$
SB9 build cost$524,252
45% of project cost
Property acquisition$637,570
55% of project cost
Estimated Project Value (2 Year)
$1,301,201
$1,269,617 1-year project value ·
12.0% total ROI
$139,378 potential ROI
Added scenario value$682,201
52% of completed value
Current property value$619,000
48% of completed value
Acquisition55%
Soft Costs9%
Hard Costs36%
Value Projections
Today list price$619,000
24-month added value$682,201
24-month project value$1,301,201
Potential ROI$139,378
Assumptions
Current sale / sf$604
Average sale / sf$556
Annual growth4.9%
Comp bedrooms2
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft1,116 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
N/A
# of new homes
1
Total homes
1
Per Home
N/A
Per Home
$524K
Per Home
$1.16M
# of original sq ft
1,024
# of new sq ft
1,116
Total sq ft
2,140
Per Sq Ft
N/A
Per Sq Ft
$470
Per Sq Ft
$543
Total
$638K
Total
$524K
Total
$1.16M
Financing Estimate
Construction Loan

Estimate construction proceeds, cash required, and interest-only payments.

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$524K
Loan proceeds
65% loan-to-cost
$341K
Cash required
Unfinanced development cost
$183K
Monthly payment
Interest-only estimate
$3K

Timeline

Typical project phasing based on the selected scenario, density, and generated development scope.

Estimated Total Duration

15 months

SB9

Design

Concept design, site planning, and early coordination.

2 months

Month 1 - Month 2

Permitting

Planning review, entitlement approvals, and building permits.

4 months

Month 3 - Month 6

Site Work

Utility coordination, grading, and site preparation.

2 months

Month 7 - Month 8

Construction

Vertical construction through final inspection.

7 months

Month 9 - Month 15

Property Overview

MLS: bridgeMLS

Property information from bridgeMLS

Listed by Florian Santos · Winkler Real Estate Group

bridgeMLS © 2026. Information Deemed Reliable but not Guaranteed. This information is being provided by bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 7, 2026 at 11:54 PM PDT.

Location

Data from Type Five
Jurisdiction
Richmond
Zoning
RL1
Overlay Districts
None
Climate Zone
Zone 3
Transit Access (1/2 mi)
Yes (S Garrard Blvd & W Cutting Blvd)

Natural Hazards

Data from Type Five
Flood Zone
X
Liquefaction Risk
No
Landslide Risk
No
Fault Zone
No

Fire Risk

Data from Type Five
Fire Hazard Zone
VHFHSZ
Fire Responsibility
LRA
Wildfire Protection Req.
Yes
243 Nevada Ave, Richmond Infill Potential — Infillworks