$995,000

1401 Bissell Ave, Richmond, CA 94801

Multi-Family Home
Built in 1923
6,752sqft lot
—— car garage
$——/sqft
Listed 10 months ago

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.

Listing Status:: Active
Date Added:: January 3, 2025 at 06:00AM
Listing Office:: Security Pacific Real Estate : 510-222-8340
Listing Agent:: Colin Davies : 510-435-3624
MLS ID:: 41081437

Appliances: DryerWasher
Flooring: TileWood
A/C: See Remarks
Heating:

Parking: GarageParking spaces: 4

Roofing: Shingle
Windows: Screens
General: Stucco

HOA Amenities: 0.0
Originating MLS: CRMLS_CCBE
County: Contra Costa

Zoning: 5401400196

Source: CRMLS_CCBE

This listing courtesy of Colin Davies, Security Pacific Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Nystrom Elementary School

230 Harbour Way S, Richmond, CA, 94804

Grades KG-6

0.47 miles away

DeJean Middle School

3400 MacDonald Ave, Richmond, CA, 94805

Grades 7-8

1.01 miles away

Greenwood Academy

831 Chanslor Ave, Richmond, CA, 94801

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.