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$995,000

1401 Bissell Ave

Richmond, CA 94801

Active

1923

Year Built

Contra Costa

County

Quadruplex

Property Type

About this home

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.

Listed by Colin Davies · DRE #01935999 · Security Pacific Real Estate

MLS #1154870469

ListedMar 9, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total Units4

RoofShingle

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringTile, Wood

CoolingWall Window Units

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesGarage

Parking Total4

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.15 ac

Lot FeaturesBack Yard, Corner Lot, Garden, Yard

ViewN/A

DirectionsGoogle Maps Cross Street: Marina.

Community

AreaN/A

School DistrictN/A

Tax & Financial

TermsCash, Conventional, Exchange1031, FHA

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$5,296/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:00 PM

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