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

  1401 Bissell Ave Richmond, CA 94801

Active (34 Days)
$1,050,000
4,488
SQFT
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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.

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 Feb 5 2025 at 4:15 PM GMT+0000
Bathroom Details
Interior Features
  • Windows: Window Coverings
  • Windows: Screens
  • Washer
  • Dryer
  • Laundry: Washer
  • Laundry: In Unit
  • Laundry: Laundry Room
  • Laundry: Dryer
  • Tub W/Shower Over
  • Formal Entry
  • Updated Kitchen
  • Updated Baths
Subdivision
  • City Center
Lot Information
  • Security Gate
  • Back Yard
  • Corner Lot
Heating and Cooling
  • Multiunits
  • Multi Units
  • Other
Flooring
  • Tile
  • Hardwood Flrs Throughout
Exterior Features
  • Roof: Composition Shingles
Utility Information
  • Utilities: Individual Gas Meter, Individual Electric Meter
  • Energy: Windows
Garage
  • Garage
Parking
  • Garage Faces Side
  • Detached
Living Area
  • 4,488 sqft
Location
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Estimated Monthly Mortgage Payment

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

Listing price
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Interest rate
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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: 2/5/25 08:15
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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