1401 Bissell Ave
Richmond, CA 94801
$995,000
For Sale
- 0
- 4,488 sq ft
Local Information
About this home
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.
Home Highlights
null Garage(s)
None
No Info
$148
Heating & Cooling
4 months ago
Home Details for 1401, Bissell Ave
Interior Features
Interior Features
- Interior Home Features: Updated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over
- Flooring: Hardwood Flrs Throughout, Tile
- Laundry: Dryer, Laundry Room, In Unit, Washer
Heating & Cooling
- Heating: MultiUnits
- Cooling: Other, Multi Units
Appliances & Utilities
- Appliances: Dryer, Washer
- Utilities: Individual Electric Meter, Individual Gas Meter
- Electric: No Solar
Exterior Features
Exterior Home Features
- Exterior Details: Back Yard, Side Yard, Entry Gate, Yard Space, Garden
- Roof: Composition Shingles
- Construction Materials: Stucco
- Window: Screens, Window Coverings
Parking & Garage
- Parking: Detached, Garage Faces Side
- Garage: Has Garage
Pool & Views
- Private Pool: No Private Pool
Water & Sewer
- Water Source: Public
Property Information
Property Information
- Parcel Number: 5401400196
- Lot Size (sq ft): 6,750
Property Type & Style
- Type: Residential Income
- Subtype: Quadruplex
Year Built
- Year: 1923
Location
- Directions: Google Maps
Listing Attribution
- Agent Name: Colin Davies
- Brokerage: Security Pacific Real Estate
- Contact: 510-435-3624
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