$995,000

1401 Bissell Ave, Richmond, CA 94801

  • 10 beds
  • 4,488 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $222/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Four-unit multifamily investment located in Richmond’s Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four ±1,122 SF units (total building area ±4,488 SF) situated on a ±6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease-up of the vacant unit and future rent growth.

Listing Status:
Active
Date Added:
March 9, 2026
Data Last Updated:
April 1, 2026 at 10:08PM
Listing Office:
Security Pacific Real Estate : 510-222-8340
Listing Agent:
Colin Davies : 510-435-3624
MLS ID:
41126531
  • General: Formal EntryTub w/Shower Over
  • Laundry: In Unit
  • Basement: None
  • Flooring: Hardwood Flrs ThroughoutTile
  • A/C: Multi UnitsWall/Window Unit(s)
  • Heating: MultiUnits
  • General: Back YardGarden/PlaySide YardEntry GateGarden
  • Parking: DetachedGarage Faces SideParking spaces: 4
  • Windows: Window Coverings
  • General: Stucco
  • School District: West Contra Costa (510) -231-1100
  • County: Contra Costa
  • Zoning: 5401400196
  • Fencing: FencedFull
  • Utilities: Individual Electric MeterIndividual Gas MeterMaster Electric Meter

This listing courtesy of Colin Davies , Security Pacific Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Nystrom Elementary School

230 Harbour Way S, Richmond, CA, 94804

Grades KG-6

0.47 miles away

D

DeJean Middle School

3400 MacDonald Ave, Richmond, CA, 94805

Grades 7-8

1.01 miles away

G

Greenwood Academy

831 Chanslor Ave, Richmond, CA, 94801

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.