Homes for sale - 1401 Bissell Ave, Richmond, CA 94801

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Louis DiGonzini

ldigonzini@thedigonzinigroup.com +1(949) 922-8420

$ 1,050,000

Est. payment | -/mo

6,751 Sqft Lot

Save

$ 1,050,000

Est. payment | -/mo

Save

6,751 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision City Center

MLS Listing ID 41081437

HOA Y/N No

Year Built 1923

Lot Size 6,751 Sqft

Property 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.

Location

State CA

County Contra Costa

Interior

Cooling See Remarks

Flooring Tile, Wood

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Garage

Roof Type Shingle

Total Parking Spaces 4

Building

Lot Description Back Yard, Corner Lot, Yard

Others

Tax ID 5401400196

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Listed by Colin Davies • Security Pacific Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 922-8420

ldigonzini@thedigonzinigroup.com

260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

1401 Bissell Ave Richmond, CA 94801