1401 Bissell Ave, Richmond, CA 94801 - Berkshire Hathaway HomeServices California Properties

1401 Bissell Ave, Richmond, CA 94801

$995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Colin Davies | colin@colindaviesrealty.com
Lic#: 01935999
Broker: Courtesy of Security Pacific Real Estate

Agent Remarks

Professionally managed and fully occupied, this Bay Area investment provides immediate stability and robust cash flow. Verified 2024 financials show an annual rental income of $88,927 plus $809 in parking revenue, totaling $89,736 in gross income, and a $54,360 NOI. Transparent expenses include $14,448 in taxes and $4,117 in insurance, minimizing volatility. Projected 2025 gross scheduled income is $98,640, with a 5.87% cap rate at current performance and up to 9.06% at Fair Market Rent (FMR). The 2025 cap rate, new property tax at reassessment, and FMR are accounted for at the current list price. Located in a high-demand area known for low vacancy,—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# 41081437
List price is $995,000 Reduced by $55,000 on 3/5/2025
Price: $995,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1923
0.16 acres
Lot size: 0.1550
Subdivision: CITY CENTER
County: Contra Costa
Construction: Stucco
Appliances: Dryer,Washer
Parking description: Garage
Lot description: Back Yard,Corner Lot,Yard
Heating/cooling: See Remarks

Last Updated: 4/29/2025

 Days On Market (DOM): 118

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Lat/Long: 37.934209, -122.356011.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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