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Listed by Colin C Davies • Security Pacific Real Estate
$ 995,000
Est. payment /mo
Active
1401 Bissell Ave Richmond, CA 94801
6,750 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41081437
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
Flooring Tile, Wood
Laundry Dryer Included, Washer Included
Exterior
Parking Features Garage
Building
Lot Description Corner Lot, Yard, Back Yard
