Property Details
About this Property
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. A significant remodel in 2018 further lowers capital expenditures, preserving strong returns. Projected 2025 gross scheduled income is $98,640, with a 5.5% cap rate at current performance and up to 8.5% 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, this asset requires no immediate capital improvements—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.
MLS Listing Information
MLS #
CC41081437
MLS Source
Contra Costa Association of Realtors
Days on Site
3
Interior Features
Appliances
Dryer, Washer
Flooring
Hardwood, Tile
Cooling
Other
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Detached, Garage: Car(s)
Elementary District
West Contra Costa Unified
High School District
West Contra Costa Unified
Water
Public
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,122 | 2 | 0/0 | $1,808 |
| 2 | 1,122 | 3 | 0/0 | $2,343 |
| 3 | 1,122 | 3 | 0/0 | $2,120 |
| 4 | 1,122 | 2 | 0/0 | $1,750 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1401 Bissell Ave is a Residential Income in Richmond, CA 94801. This 4,488 square foot property sits on a 6,750 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,050,000 and was built in 1923. This address can also be written as 1401 Bissell Ave, Richmond, CA 94801.
©2025 Contra Costa Association of Realtors. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Contra Costa Association of Realtors.
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This listing information is up-to-date as of January 06, 2025. For the most current information, please contact Colin Davies, (510) 435-3624
