$1,050,000
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1401 Bissell Ave Richmond, CA 94801
Fourplex
Residence
Beds
Baths
Sq. Ft.
0.16
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
41081437
Property Type
Fourplex
Status
Year Built
1923
Lot Size
0.16
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