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1401 Bissell Ave

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Address: 1401 Bissell Ave, Richmond, CA 94801, USA

California & West + Apartment Buildings

Created date: January 3, 2025

Date last updated: March 17, 2025

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.

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Broker Details

Colin Davies

Security Pacific Real Estate (510) 662-8502 MLS ID: 213503297

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$995,000
Year Built:	1923
Lot Size:	4,488.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 1401 Bissell Ave, Richmond, CA 94801, USA

Provided by:

Standard Status: Active

MLS Listing Number: 41081437
ID: 3yd-CCAORCA-41081437

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