$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 2 months 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:
May 20, 2026 at 7:06AM
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 $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location