1401 Bissell Ave
Richmond, CA, 94801
$995,000
Beds
0 Baths
SqFt
0.16 Acres
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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.

Property Details

Price:
$995,000
MLS #:
41081437
Status:
Pending
Baths:
0
Address:
1401 Bissell Ave
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
CITY CENTER
City:
Richmond
Listed Date:
Jan 3, 2025
State:
CA
ZIP:
94801
Lot Size:
6,750 sqft / 0.16 acres (approx)
Year Built:
1923
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Flooring
Wood, Tile
Window Features
Screens

Exterior

Lot Features
Corner Lot, Back Yard, Yard
Parking Features
Garage
Parking Spots
4.00
Roof
Shingle

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Association Fee
0.00
Tenant Pays
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1401 Bissell Ave
Richmond, CA