1401 Bissell Ave, Richmond, CA 94801

Local realty services provided by:ERA North Orange County Real Estate
1401 Bissell Ave,Richmond, CA 94801
$995,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:colin davies
Office:security pacific real estate
MLS#:41081437
Source:CRMLS

Price summary

  • Price:$995,000

About this home

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.

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Home facts

  • Year built:1923
  • Listing ID #:41081437
  • Added:272 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Structure and exterior

  • Roof:Shingle
  • Year built:1923
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$995,000
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