1401 Bissell Ave, Richmond, CA 94801

Beds
10
Sqft
4,488

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Listed bySecurity Pacific Real Estate
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
10
Square feet
4,488
Lot size (acres)
0.16
Year built
1923

Interior features

Laundry
In Unit

Utilities

Cooling
Wall/window unit(s), Multi-split AC

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41126531 Last checked:

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