1401 Bissell Ave

Richmond, CA 94801

$1,050,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1923

calendar_month Built

Property Description

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. A significant remodel in 2018 further lowers capital expenditures, preserving strong returns. Projected 2025 gross scheduled income is $98,640, with a 5.5% cap rate at current performance and up to 8.5% 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, this asset requires no immediate capital improvements—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.

Listing Information

List Price $1,050,000
Status Active
MLS 41081437
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1923
Lot Size 6,750
Structure Size N/A
DOM 2
Courtesy Of Security Pacific Real Estate
Listing Agent Colin Davies DRE#01935999

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Tile, Wood
Cooling Type
Cooling Type See Remarks

Exterior Information

Maps

Listing information courtesy of: Colin Davies, Security Pacific Real Estate 510-435-3624. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 6th, 2025 at 2:04 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.