About 1401 Bissell Ave
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.
Features of 1401 Bissell Ave
| MLS® # | 41081437 |
|---|---|
| Price | $995,000 |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Acres | 0.16 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1401 Bissell Ave |
|---|---|
| Subdivision | CITY CENTER |
| City | Richmond |
| County | Contra Costa |
| Zip Code | 94801 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Garage |
| Garages | Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Wood |
|---|---|
| Appliances | Dryer, Washer |
| Cooling | See Remarks |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Back Yard, Corner Lot, Yard |
| Windows | Screens |
| Roof | Shingle |
| Construction | Stucco |
Additional Information
| Date Listed | January 3rd, 2025 |
|---|---|
| Days on Market | 184 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Colin Davies |
|---|---|
| Office | Security Pacific Real Estate |