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.
Listed by Colin Davies
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License #01935999
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Security Pacific Real Estate
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510-435-3624
Last updated September 03, 2025
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Source: bridgeMLS #41081437
Listing Facts
TypeMulti-family
NeighborhoodCity Center Richmond
Bedrooms10
Days on Prevu298
Taxes$14,448/year
Size4,488 sqft
Price per sqft$222
Amenities
Private Outdoor Space
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
08/27/2025
Status changed to Active
$995,000
08/15/2025
Status changed to Pending
$995,000
07/18/2025
Status changed to Active
$995,000
05/08/2025
Status changed to Pending
$995,000
04/22/2025
Status changed to Active
$995,000
04/13/2025
Status changed to Pending
$995,000
03/05/2025
Status changed to Active
$995,000
03/05/2025
Price Decreased
$995,000
02/07/2025
Status changed to Pending
$1,050,000
01/03/2025
Listed by Security Pacific Real Estate
$1,050,000
Property Details for 1401 Bissell Ave
Exterior
Construction
Number Of Units Total: 4
Window Features: Screens, Window Coverings, ENERGY STAR Qualified Windows
Year Built: 1923
Construction Materials: Stucco
Exterior Features: Back Yard, Side Yard, Entry Gate, Yard Space, Garden
Features
Fencing: Fenced, Full
Patio And Porch Features: Patio, Front Porch, Balcony/Patio
Measurements
Building Area Total: 4,488
Lot Features: Corner Lot, Back Yard, Security Gate
Lot Size Acres: 0.16
Lot Size Area: 0
Lot Size Square Feet: 6,750
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 5401400196
Tax Annual Amount: $14,448.00
Interior
Features
Appliances: Dryer, Washer
Flooring: Hardwood Flrs Throughout, Tile
Interior Features: Updated Baths, Updated Kitchen, Formal Entry, Tub W/Shower Over
Measurements
Living Area: 4,488
Living Area Units: Square Feet
Rooms
Bedrooms Total: 10
Other
Location
Subdivision Name: CITY CENTER
Parking
Parking
Parking Features: Detached, Garage Faces Side
Schools
High School
High School District: West Contra Costa (510) -231-1100
Utilities
Equipment
Cooling: Multi Units, Other
Electric: No Solar
Heating: Multi Units
Has Heating: Yes
Laundry Features: Dryer, Laundry Room, In Unit, Washer
Utilities: Individual Electric Meter, Individual Gas Meter
Based on information from bridgeMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
