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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1401 Bissell Ave Richmond, CA 94801
$995,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# 41081437
List price is $995,000 Reduced by $55,000 on 3/5/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1923
0.16 acres
Lot size: 0.1550
Subdivision: CITY CENTER
County: Contra Costa
Construction: Stucco
Appliances: Dryer,Washer
Parking description: Garage
Lot description: Back Yard,Corner Lot,Yard
Heating/cooling: See Remarks

Last Updated: 3/13/2025

 Find more Richmond homes and real estate

 Find more homes in 94801 zip code

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Lat/Long: 37.934209, -122.356011.
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Listing Agent: Colin Davies
Lic#: 01276603
Office Name: Tustin

Area Map

Nearby Schools

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
Lic#: 01317331

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