1401 Bissell Avenue

Richmond, CA 94801

$1,050,000
Price
10
Beds
4
Baths
4,488 Sq. Ft.
$234 / Sq. Ft.
4,488
Sq. Ft.
$234
per Sq. Ft.

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,...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.
  1. Listed by Colin Davies • DRE #01935999 • Security Pacific Real Estate

Property Details for 1401 Bissell Avenue

City
RICHMOND
Dist Neighborhood Subdiv
CITY CENTER
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Detached Garage
Park Spaces Total
4
LISTING UPDATED: 01/05/2025 05:53 PM

Property Details for 1401 Bissell Avenue

StatusNew
MLS #41081437
Days on Compass2
Taxes$14,448 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1923
Lot Size0.15 AC / 6,750 SF
CountyContra Costa County

Building Information for 1401 Bissell Avenue

Stories-Residences4Year Built1923Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 1401 Bissell Avenue

Features
Feature Details
  • Flooring: Hardwood Flrs Throughout, Tile
  • Laundry: Dryer, In Laundry Room, Inside Unit, Washer
Utility Details
  • Cooling: MultiUnits, Other
  • Heating: MultiUnits
  • Water/Sewer: Water - Public
  • Energy Saving Feature: Low Flow Shower, Low Flow Toilet, Windows
  • Solar: None
Lot / Property Details
Property Details
  • Additional Equipment: Carbon Mon Detector, Double Strapped Water Htr, Dryer, Individual Electric Meter, Individual Gas Meter, Secured Access, Security Fence, Security Gate, Smoke Detector, Washer, Window Coverings
  • City Transfer Tax: Yes
  • Exterior: Stucco, Window Screens
  • Lot Description: Backyard, Corner, Security Gate
  • Lot Sq Ft Apx: 6750
  • Lot Size Square Feet: 6750.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 4488
  • Yard Description: Back Yard, Back Yard Fence, Entry Gate, Fenced, Front Porch, Full Fence, Patio, Side Yard, Yard Space
  • Year Built: 1923
  • Acres: 0.16
Location Details
  • Elementary School District: West Contra Costa (510) -231-1100
  • Directions to Property: Google Maps
  • FIPS Code: 06013
  • Census Tract: 3770.00
  • Parcel Number: 540-140-019-6
  • Printed Neighborhood Rpt: Yes
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • All Units Have: Updated Baths, Updated Kitchen
  • Some Units Have: Dishwasher, Disposal, Updated Baths, Updated Kitchen
  • Units Total: 4
  • Basement: None
  • Parking Description: Detached Garage, Garage Facing Side
  • Separate Meters: Electric, Gas, Water
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement, Year Lease
  • Tenant Pays: Electric, Gas, Parking, Trash, Water
  • Financial Data Source: Property Manager
Income / Expense Details
  • Annual Expense Year: 2024
  • Annual Taxes $: $14,448
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $97,920
  • Annual Miscellaneous Income: $809
  • Annual Rental Income: $88,927
  • Gross Oper Income (Act): $89,736
  • Net Operating Income: $54,360
  • Annual Insurance Expense: $4,117
  • Annual License Expense: $162
  • Annual Maintance Expense: $7,828
  • Annual Management Expense: $6,664
  • Annual Total Oper Expense: $35,376
  • Annual Utility Expense: $0
  • Annual Vacancy Expense: $0
  • Operating Expenses: Insurance, License/Ads, Maintenance/Repair, Management, Property Tax/Assessments
  • Other Annual Expense: $2,158
Unit 1 Details
  • Unit #/Address - 1: 1401
  • Occupied By 1: Tenant
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Apx Sq Ft 1: 1122
  • Rent 1: 1808
Unit 2 Details
  • Unit #/Address - 2: 1403
  • Occupied By 2: Tenant
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 3
  • Bathrooms 2: 1
  • Apx Sq Ft 2: 1122
  • Rent 2: 2343
Unit 3 Details
  • Unit #/Address - 3: 1405
  • Occupied By 3: Tenant
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 3
  • Bathrooms 3: 1
  • Apx Sq Ft 3: 1122
  • Rent 3: 2120
Unit 4 Details
  • Unit #/Address - 4: 1407
  • Occupied By 4: Tenant
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Apx Sq Ft 4: 1122
  • Rent 4: 1750
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Balcony/Patio, Formal Entry, Garden, Tub w/Shower Over
  • Total Deposits: 11300
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: West Contra Costa (510) -231-1100
  • High School District: West Contra Costa (510) -231-1100

Property History for 1401 Bissell Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 Bissell Avenue

Taxable ValueLand$265,110Additions$407,917Total$673,027
Tax Record2024$14,448 ($1,204 / month)
Home Facts
Total Finished SqFt4,488 SqFtAbove Grade Finished SqFt4,488 SqFtStories1Lot Size6,750 SqFtStyleQuadraplexYear Built1923Year Renovated1970ZoningCBCountyCONTRA COSTAAPN540-140-019-6

Schools near 1401 Bissell Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Nystrom Elementary School
PublicK to 6

Lovonya Dejean Middle School
Public7 to 8

Kennedy High School
Public9 to 12

Greenwood Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1401 Bissell Avenue is a multi-family home for sale in Richmond, CA 94801. This property was listed for sale on January 3, 2025 by Security Pacific Real Estate, it's currently listed at $1,050,000. It has been on the market for a total of 2 days and was last sold on October 13, 2014. This listing's school district is West Contra Costa Unified School District. Nearby schools include Nystrom Elementary School, Lovonya Dejean Middle School and Kennedy High School. 1401 Bissell Avenue is a 10-bed, 4-bath, 4,488 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Security Pacific Real Estate, Colin Davies, DRE #01935999

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.