1401 Bissell Ave Richmond, CA 94801
Listing Courtesy of:  bridgeMLS / Security Pacific Real Estate / Colin Davies

  1401 Bissell Ave Richmond, CA 94801

Active (245 Days)
$995,000
4,488
SQFT
See Similar Listings

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. 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.

MLS #:
41081437
Lot Size
6,750 SQFT
Type
Multifamily
Year Built
1923
School District
West Contra Costa (510) -231-1100
County
Contra Costa County
Community
City Center

Listed By

Colin Davies, Security Pacific Real Estate
Source
bridgeMLS
Last checked Sep 5 2025 at 5:49 PM GMT+0000
Bathroom Details
Interior Features
  • Dryer
  • Washer
  • Laundry: Dryer
  • Laundry: Laundry Room
  • Laundry: Washer
  • Windows: Screens
  • Windows: Window Coverings
  • Updated Kitchen
  • Laundry: In Unit
  • Updated Baths
  • Formal Entry
  • Tub W/Shower Over
  • Windows: Energy Star Qualified Windows
Subdivision
  • City Center
Lot Information
  • Back Yard
  • Corner Lot
  • Security Gate
Heating and Cooling
  • Multiunits
  • Other
  • Multi Units
Flooring
  • Hardwood Flrs Throughout
  • Tile
Exterior Features
  • Roof: Composition Shingles
Utility Information
  • Utilities: Individual Electric Meter, Individual Gas Meter
Garage
  • Garage
Parking
  • Garage Faces Side
  • Detached
Living Area
  • 4,488 sqft
Location
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 05, 2025
Price Changed
$995,000
-5%
-55,000
Jan 03, 2025
Original Price
$1,050,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Bay East© 2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or 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: 9/5/25 10:49
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©2024 Better Homes and Gardens Real Estate LLC. Better Homes and Gardens Real Estate LLC. All Rights Reserved. Better Homes and Gardens®, the Better Homes and Gardens Real Estate Logo, BHGRE, Be Better and Expect Better are service marks owned by Meredith Corporation and licensed to Better Homes and Gardens Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Better Homes and Gardens Real Estate office is independently owned and operated