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1401 Bissell Ave, Richmond, CA 94801
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$995,000
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Home Details for 1401 Bissell Ave
Price
$995,000
Type
Multi Family
Bedrooms
10
Year Build
1923
Sq. Ft.
4488
Lot Size
0.16
County
Contra Costa
Basement
None
MLS®️ Listing#
41081437
On exitrealty.com
254 days
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.
- Parking
- Detached
- Garage Faces Side
- Garage
- Cooling Information
- Multi Units
- Other
- Basement
- None
Listing Courtesy: Security Pacific Real Estate - 510-222-8340. Presented by: Colin Davies
Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-09-03 03:00:56. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
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EXIT REALTY CONSULTANTS
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$995,000
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EXIT REALTY CONSULTANTS
3425 Coffee Road. Ste 1, Modesto, CA 95355
CA DRE# 01520140. Kris Klair Broker.