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Pending
    • Price cut: $55K (3/5)
    $995,000

    1401 Bissell Ave, Richmond, CA 94801

    10beds
    4baths
    4,488sqft
    : 
    Quadruplex
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $222/sqft
    $-- HOA

    What's special

    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.
    136 days
    on Zillow
    |
    242
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 07, 2025 at 08:08pm

    Listed by:

    Colin Davies DRE #01935999 510-435-3624,

    Security Pacific Real Estate

    Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41081437MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    Heating
    • MultiUnits
    Cooling
    • Other, Multi Units
    Appliances
    • Included: Dryer, Washer
    • Laundry: Dryer, Laundry Room, In Unit, Washer
    Features
    • Updated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over
    • Flooring: Hardwood Flrs Throughout, Tile
    • Windows: Screens, Window Coverings
    • Basement: None
    Interior area
    • Total structure area: 4,488
    • Total interior livable area: 4,488 sqft

    Property

    Parking
    • Parking features: Detached, Garage Faces Side
    • Has garage: Yes
    Features
    • Exterior features: Back Yard, Side Yard, Entry Gate, Yard Space, Garden
    • Fencing: Fenced,Back Yard,Full
    Lot
    • Size: 6,969.6 Square Feet
    • Features: Corner Lot, Back Yard, Security Gate
    Details
    • Parcel number: 5401400196
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Stucco
    Condition
    • Year built: 1923

    Utilities & green energy

    • Electric: No Solar
    • Utilities for property: Individual Electric Meter, Individual Gas Meter
    Green energy
    • Energy efficient items: Windows
    • Water conservation: Low Flow Shower, Low Flow Toilet

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Secured Access, Security Fence, Security Gate, Smoke Detector(s)
    HOA
    • Has HOA: No
    Location
    • Region: Richmond

    Financial & listing details

    • Price per square foot: $222/sqft
    • Tax assessed value: $673,027
    • Annual tax amount: $14,448
    • Date on market: 1/3/2025
    • Listing terms: Cash,Conventional,1031 Exchange
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