1401 Bissell Avenue
$1,050,000
10
4
4,488
4,488
$234
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.
- Listed by Colin Davies • DRE #01935999 • Security Pacific Real Estate
Property Details for 1401 Bissell Avenue
City
RICHMOND
Dist Neighborhood SubdivCITY CENTER
Building TypeFOURPLEX
Property Sub TypeFOURPLEX
Garage/ParkingDetached Garage
Park Spaces Total4
LISTING UPDATED: 01/05/2025 05:53 PM
Property Details for 1401 Bissell Avenue
Status | New |
---|---|
MLS # | 41081437 |
Days on Compass | 2 |
Taxes | $14,448 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Fourplex |
Year Built | 1923 |
Lot Size | 0.15 AC / 6,750 SF |
County | Contra 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
Property History for 1401 Bissell Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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