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 |
| Square Footage | 4,488 |
| 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 |
| State | CA |
| Zip Code | 94801 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking | Detached, Garage Faces Side |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Updated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over |
|---|---|
| Appliances | Dryer, Washer |
| Heating | MultiUnits |
| Cooling | Multi Units, Other |
| Fireplace | No |
Exterior
| Exterior Features | Back Yard, Side Yard, Entry Gate, Yard Space, Garden |
|---|---|
| Lot Description | Corner Lot, Back Yard, Security Gate |
| Windows | Screens, Window Coverings, ENERGY STAR Qualified Windows |
| Construction | Stucco |
School Information
| District | West Contra Costa (510) -231-1100 |
|---|
Additional Information
| Date Listed | January 3rd, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Colin Davies |
|---|---|
| Office | Security Pacific Real Estate |