Listing provided courtesy of Colin Davies of Security Pacific Real Estate. Last updated 2025-10-02 08:11:29.000000. Listing information © 2025 Sandicor.
Asking Price: $995,000 |
1401 Bissell Ave, Richmond CA 94801
Community:
This Quadruplex property was built in 1923 and is priced at $995,000. Please see the additional details below.
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.
