1401 Bissell Ave

Richmond, CA 94801

  • 10 Bed(s)
  • 4 Bath(s)
  • 0 Sqft
  • 6750
    Sqft(Lot)
$1,050,000

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.

  • Property Type

    Residential Income

  • County

    Contra Costa

  • Style

    Residential Income

  • AD ID

    48225310

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Roof : Shingle
    • Windows: Screens
    • Property Appliances: Dryer,Washer
    • Flooring: Tile,Wood

    Cooling Features

    • See Remarks
    • Air Conditioning

    Heating Source

    • Has Heating

  • Building Information

    • Year Built: 1923
    • Construction: Stucco
    • Roof: Shingle

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.155
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6750

  • Listing Price Information

    • Original List Price: 1,050,000
    • Listing Contract Date: 2025-01-03

    Lease Information

  • Tax Information

    • Parcel Number: 5401400196

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Directions: Google Maps Cross Street: Marina Way.
    • Source Property Type: Residential Income
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 102
    • Structure Type: Quadruplex
    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 01/20/2025 @ 23:04

  • MLS: 41081437
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 0 sqft, 6,750 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Richmond , in zip code 94801, this Contra Costa County Home are nearby neighborhoods.