CA > Richmond > City Center
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
Richmond, CA 94801,1401 Bissell Ave
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Sammy Shrimali

Sammy Shrimali

+1(925) 487-0325
Listed by Colin Davies • Security Pacific Real Estate
$995,000
Est. payment /mo
4,488 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,488 sqft

Price per Sqft $221

Subdivision City Center

MLS Listing ID 41081437

HOA Y/N No

Originating Board CONTRA COSTA

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

Heating MultiUnits

Cooling Other, Multi Units

Flooring Hardwood Flrs Throughout, Tile

Fireplace No

Window Features Screens,Window Coverings

Appliance Dryer, Washer

Laundry Dryer, Laundry Room, In Unit, Washer

Building

Lot Description Corner Lot, Back Yard, Security Gate

Water Public

Schools

School District West Contra Costa (510) -231-1100, West Contra Costa (510) -231-1100

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Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Sammy Shrimali

+1(925) 487-0325

Broker Associate | License ID: 01009299

Broker Associate License ID: 01009299

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