CA > Richmond > City Center
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
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Patrick Nagel

Patrick Nagel

+1(925) 895-5324
$ 1,050,000
Est. payment | /mo

10 Beds

4,488 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

10 Beds

4,488 SqFt

OPEN HOUSE

Sat Jan 25, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,488 sqft

Price per Sqft $233

Subdivision City Center

MLS Listing ID 41081437

Bedrooms 10

HOA Y/N No

Year Built 1923

Lot Size 6,750 Sqft

Acres 0.16

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. A significant remodel in 2018 further lowers capital expenditures, preserving strong returns. Projected 2025 gross scheduled income is $98,640, with a 5.5% cap rate at current performance and up to 8.5% 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, this asset requires no immediate capital improvements—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.

Location

State CA

County Contra Costa

Rooms

Basement None

Interior

Interior Features Updated Baths, Updated Kitchen, Formal Entry, Tub w/Shower Over

Heating MultiUnits

Cooling Other, Multi Units

Flooring Hardwood Flrs Throughout, Tile

Fireplace No

Window Features Screens,Window Coverings

Appliance Dryer, Washer

Laundry Dryer, Laundry Room, In Unit, Washer

Exterior

Exterior Feature Back Yard, Side Yard, Entry Gate, Yard Space, Garden

Utilities Available Individual Electric Meter, Individual Gas Meter

Building

Lot Description Corner Lot, Back Yard, Security Gate

New Construction No

Schools

School District West Contra Costa (510) -231-1100

Others

Tax ID 5401400196

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Colin Davies • Security Pacific Real Estate

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agent
Patrick Nagel

REALTOR® | Lic# 1760790

+1(925) 895-5324

1451 Leimert Blvd, Oakland, CA, 94602

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1401 Bissell Ave