36
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$995,000
Est. payment /mo
10 BD
4 BA
4,488 SqFt
Price Dropped by $55K
1401 Bissell Ave Richmond, CA 94801
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UPDATED:
03/05/2025 08:06 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $221
MLS Listing ID CC41081437
Bedrooms 10
Originating Board Contra Costa Association of Realtors
Year Built 1923
Lot Size 6,750 Sqft
Property Sub-Type Fourplex
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
Area Other Area
Interior
Cooling Other
Flooring Tile, Hardwood
Laundry In Laundry Room, Laundry Area - In Unit, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Composition
Building
Water Public
Others
Tax ID 540-140-019-6
Special Listing Condition Price Change, Not Applicable
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Listed by Colin Davies • Security Pacific Real Estate