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1401 Bissell Ave, Richmond, CA 94801
Priced at Only: $995,000
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Address: 1401 Bissell Ave, Richmond, CA 94801
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  • MLS#: 41126531 ( Quadruplex )
  • Street Address: 1401 Bissell Ave
  • Viewed: 4
  • Price: $995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 36
  • Additional Information
  • County: CONTRA COSTA
  • City: Richmond
  • Zipcode: 94801
  • Subdivision: Civic Center
  • Provided by: Security Pacific Real Estate
  • Contact: Colin Colin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Four unit multifamily investment located in Richmonds Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four 1,122 SF units (total building area 4,488 SF) situated on a 6,750 SF corner lot. Unit 1403 is vacant and features a three bedroom/one bathroom layout, creating an opportunity for owner occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two bedroom/one bath and a three bedroom/one bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease up of the vacant unit and future rent growth.
Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Days On Market
  1. 34
Flooring
  1. Tile
  2. Wood
Insurance Expense
  1. 5914.00
Lot Features
  1. Corner Lot
  2. Garden
  3. Back Yard
  4. Yard
Netoperatingincome
  1. 56865.00
Otherexpense
  1. 417.00
Parcel Number
  1. 5401400196
Parking Features
  1. Garage
Professionalmanagementexpense
  1. 7462.00
Property Type
  1. Quadruplex
Roof
  1. Shingle
Sourcesystemkey
  1. 41126531:BMLS
Subdivision Name Other
  1. CIVIC CENTER
Tenant Pays
  1. Gas
Year Built
  1. 1923
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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