1401 Bissell Ave
Richmond, CA 94801
Active for $1,050,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 6,750 sqft
| MLS | 41081437 |
| Year Built | 1923 |
| Property Type | Quadruplex |
| County | Contra Costa |
| Status | Active |
| Active | $1,050,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,750 sqft |
| Beds | N/A |
| Baths |
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.
Listing information courtesy of: Colin Davies, Security Pacific Real Estate 510-435-3624. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Mariam Marabyan
REALTOR®
Direct: 818.968.9777
Email: Email Me
DRE: 01721521
DRE #01873088
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