$995,000
For Sale

1401 Bissell Ave

Richmond, CA 94801
Listing OfficeSecurity Pacific Real Estate
Browse 34 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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.

  • Property Details
      • Lot DescriptionBackYard, CornerLot, Yard
      • Property TypeMulti-Family
      • CountyContra Costa
      • SubdivisionCITY CENTER
      • Original List Price$1,050,000
      • Property SubtypeQuadruplex
      • MLS #41081437
      • MLS #41081437
      • Cost995000
      • Acres0.155
      • Year Built1923

Location

Silvia SchwarReal Estate Group

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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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