1401 Bissell Ave Pending Save Request In-Person Tour Request Virtual Tour
Richmond,CA 94801
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $221
Subdivision City Center
MLS Listing ID 41081437
Bedrooms 10
Year Built 1923
Lot Size 6,750 Sqft
Property Sub-Type Quadruplex
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. 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.
Location
State CA
County Contra Costa
Interior
Heating MultiUnits
Cooling Multi Units,Other
Flooring Hardwood Flrs Throughout,Tile
Laundry Dryer,Laundry Room,In Unit,Washer
Exterior
Exterior Feature Back Yard,Side Yard,Entry Gate,Yard Space,Garden
Utilities Available Individual Electric Meter,Individual Gas Meter
Building
Lot Description Corner Lot,Back Yard,Security Gate
New Construction No
Schools
School District West Contra Costa (510) -231-1100