1401 Bissell Ave, Richmond, CA 94801
- $995,000
- 10
- BD
- 4,488
- SqFt
Listed by Colin Davies, (510) 435-3624 from Security Pacific Real Estate
(If provided) CoList: from
- List Price
- $995,000
- MLS#
- CC41126531
- Status
- ACTIVE
- Sqft. of Residence
- 4,488
- Lot Size
- 6,750
- Listing Area
- Richmond - South
Property Description
Four-unit multifamily investment located in Richmond's Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four ±1,122 SF units (total building area ±4,488 SF) situated on a ±6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease-up of the vacant unit and future rent growth.
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Additional Information
- Acres
- 0.16
- Amenities
- Balcony/Patio, Window Covering(s)
- Cooling System
- Window / Wall Unit
- Exterior Features
- Stucco
- Floor Covering
- Tile, Hardwood
- Garage Parking
- Detached Garage
- Laundry Facilities
- Laundry Area - In Unit
- Living Area
- 4,488
- Lot Size
- 6,750
- Neighborhood
- Richmond - South
- Numberof Units
- 4
- Roof
- Composition
- Unincorporated Yn
- Yes
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