Richmond, CA 94801 1401 Bissell Ave
$995,000
31 more
Presented By: Colin Davies with Security Pacific Real Estate; 510-435-3624
- MLS# 41081437
- 01/03/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 10
Baths • 4
SQFT • 4,488
Garage • 1
Home Details
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.
Presented By: Colin Davies with Security Pacific Real Estate; 510-435-3624
Interior Features for 1401 Bissell Ave
Other Interior Features
Air Conditioning Y/NYes
FlooringHardwood Flrs Throughout, Tile
Heating Y/NYes
Interior AmenitiesUpdated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over
Laundry FeaturesDryer, Laundry Room, In Unit, Washer
Window FeaturesScreens, Window Coverings
General for 1401 Bissell Ave
AppliancesDryer, Washer
CityRichmond
Construction MaterialsStucco
CoolingOther, Multi Units
CountyContra Costa
DirectionsGoogle Maps
ElectricNo Solar
Elementary School DistrictWest Contra Costa (510) -231-1100
Energy EfficientWindows
Garage Y/NYes
HOANo
HeatingMultiUnits
High School DistrictWest Contra Costa (510) -231-1100
Lot Size Square Feet6750
MLS AreaListing
ModificationTimestamp2025-04-29T08:21:23.400Z
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition Shingles
Standard StatusActive
StatusActive
Subdivision NameCity Center
UtilitiesIndividual Electric Meter, Individual Gas Meter
Year Built1923
Exterior for 1401 Bissell Ave
Building Area Total4488
Exterior AmenitiesBack Yard, Side Yard, Entry Gate, Yard Space, Garden
FencingFenced, Back Yard, Full
Lot FeaturesCorner Lot, Back Yard, Security Gate
Lot Size Acres0.16
Lot Size Area6969.6
Parking FeaturesDetached, Garage Faces Side
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate