1401 Bissell Ave Active Save Request In-Person Tour Request Virtual Tour
Richmond,CA 94801
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41081437
Year Built 1923
Lot Size 6,750 Sqft
Property Sub-Type Quadruplex
Property 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.
Location
State CA
County Contra Costa
Interior
Flooring Tile,Wood
Laundry Dryer Included,Washer Included
Exterior
Parking Features Garage
Building
Lot Description Corner Lot,Yard,Back Yard