203 Bissell AVE, Richmond, CA 94801
- $999,000
- 12
- BD
- 3,932
- SqFt
Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $999,000
- Price Change
- ▼ $151,000 1779346008
- MLS#
- ML82045270
- Status
- ACTIVE
- Zoning
- RM
- Sqft. of Residence
- 3,932
- Lot Size
- 3,484
- Listing Area
- Richmond - South
Property Description
Marcus & Millichap is pleased to present 203 Bissell Ave, offered at $1,150,000, 203 Bissell Ave is a 4 unit multifamily property located in Richmonds Iron Triangle neighborhood. Built in 1908, the property totals approximately 3,932 SF on a 0.08acre lot and is currently 50% occupied, presenting a clear value add and leaseup opportunity. The unit mix consists of one 4BD/2BA unit, two 4BD/1BA units, and one co-living layout, with inplace rents estimated ~13% below market. Utilities are efficiently structured with separately metered gas and electric and master metered water. Street parking only. Financial highlights include an 8.90% current cap rate and a 10.64% pro forma cap rate, supported by strong rent growth potential and operational upside. The property is within close proximity to Richmond BART & Amtrak (±1.3 miles), major freeways (I80, I580, SR4), Kaiser Permanente Richmond Medical Center, and regional employment hubs. An ideal opportunity for investors seeking high yield, upside through rent increases, and a well-located small multifamily asset in the East Bay.
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Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- On Street
- Heating System
- Gas
- Laundry Facilities
- Coin Operated
- Living Area
- 3,932
- Lot Size
- 3,484
- Neighborhood
- Richmond - South
- Other Utilities
- Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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