USACARichmondCity Center1401 Bissell Ave
1401 Bissell Ave, Home with 0 bedrooms, 0 bathrooms and 4 parking in Richmond CA | Image 1
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$995,000

1401 Bissell Ave, Richmond, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 210
Lot Size 
Approx. Age 1923
MLS® Number 41081437

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number41081437
Laundry Level
Central VacNo
FireplaceNo
Acreage0.155
Exterior
GarageYes
Approx. Age1923
Basement
DrivewayGarage
Garage Spaces
Heat
A/CSee Remarks
Heating Fuel

Extras

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