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Listed by Security Pacific Real Estate
$ 995,000
Est. payment /mo
Active
1401 Bissell Ave Richmond, CA 94801
4,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $221
Subdivision Civic Center
MLS Listing ID 41126531
HOA Y/N No
Year Built 1923
Lot Size 6,750 Sqft
Property Sub-Type Quadruplex
Source CONTRA COSTA
Property Description
Four-unit multifamily investment located in Richmond's Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four ±1,122 SF units (total building area ±4,488 SF) situated on a ±6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease-up of the vacant unit and future rent growth.
Location
State CA
County Contra Costa
Interior
Heating MultiUnits
Cooling Wall/Window Unit(s), Multi Units
Flooring Hardwood Flrs Throughout, Tile
Fireplace No
Window Features Window Coverings
Laundry In Unit
Building
Lot Description Corner Lot
Schools
School District West Contra Costa (510) -231-1100, West Contra Costa (510) -231-1100