1401 Bissell Ave, Richmond CA 94801

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Pending

$1,050,000

1401 Bissell Ave, Richmond, CA 94801

bedrooms

bathrooms

square feet

4,488

Acreage

Open Houses

year built

1923

Full Baths

Half Baths

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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.

Location
Subdivision	City Center
County	Contra Costa
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 41081437

Listing agent: Colin Davies

Listing broker: Security Pacific Real Estate (510) 662-8502

Copyright © 2025 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, February 7 2025 at 12:11 a.m. EST

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