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.
For sale
$995,000
1401 Bissell Ave, Richmond, CA 94801
--beds
--baths
4,488sqft
Est.:
Multi Family, Quadruplex
Built in 1923
-- sqft lot
$963,900 Zestimate®
$222/sqft
$-- HOA
What's special
- 218 days
- on Zillow |
- 155 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 03:43am
Listed by:
Colin Davies DRE #01935999 510-435-3624,
Security Pacific Real Estate
Source: CCAR,MLS#: 41081437

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- MultiUnits
Cooling
- Multi Units, Other
Appliances
- Included: Dryer, Washer, Dishwasher, Disposal
- Laundry: Laundry Room, In Unit
Features
- Updated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over
- Flooring: Hardwood, Tile
- Windows: Screens, Window Coverings, ENERGY STAR Qualified Windows
Interior area
- Total structure area: 4,488
- Total interior livable area: 4,488 sqft
Property
Parking
- Parking features: Detached, Garage Faces Side
- Has garage: Yes
Features
- Exterior features: Entry Gate, Garden
- Fencing: Security,Fenced,Full
Lot
- Size: 6,969.6 Square Feet
- Features: Corner Lot, Back Yard, Side Yard, Yard Space
Details
- Parcel number: 5401400196
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1923
Utilities & green energy
- Electric: No Solar
- Utilities for property: Individual Electric Meter, Individual Gas Meter
Community & HOA
Community
- Subdivision: City Center
HOA
- Has HOA: No
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $673,027
- Annual tax amount: $14,448
- Date on market: 1/3/2025
- Total actual rent: 1808
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