1401 Bissell Ave, Richmond, CA 94801
-
Listed Price :
$1,050,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1923
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Tile, Wood |
| Interior Information |
| Cooling Type |
See Remarks |
Listing Information
| Address |
1401 Bissell Ave |
| City |
Richmond |
| State |
CA |
| Zip |
94801 |
| County |
Contra Costa |
| Listing Agent |
Colin Davies DRE #01935999 |
| Courtesy Of |
Security Pacific Real Estate |
| List Price |
$1,050,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
6,750 |
| Year Built |
1923 |
Listing information courtesy of: Colin Davies, Security Pacific Real Estate. *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.
