1401 Bissell Ave
Richmond, CA 94801
- – beds
- – baths
- – sqft
- 6,750 sqft lot
- 1923 build
- – on site
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.
Last checked:
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Last updated Jan 6, 2025
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MLS# 41081437 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1923
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Construction Materials:Stucco
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Total Number Of Units:4
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Roof:Shingle
Interior
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Window Features:Screens
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Flooring:Wood, Tile
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Laundry:Dryer Included, Washer Included
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Laundry:1
Location
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Directions:Google Maps Cross Street: Marina Way.
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Latitude:37.93420900
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Longitude:-122.35601100
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Lot Features:Corner Lot, Back Yard, Yard
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Lot Size Area:6750.0000
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Lot Size Acres:0.1550
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Lot Size SqFt:6750.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:3770.00
The Listing
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Parcel Number:5401400196
Heating & Cooling
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Heating:1
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Cooling:Yes
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Cooling:See Remarks
Appliances
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Included:Yes
The Community
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Subdivision:CITY CENTER
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Subdivision:CITY CENTER
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/3/25
Jan 3, 2025
|
Listed / Active | CRMLS_CA | $1,050,000 |
