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1401 Bissell Ave, Richmond, CA, 94801

$1,050,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1401 Bissell Ave, Richmond$1,050,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGarage
Year Built1923
CoolingOther
MLS #41081437
Lot Size0.15 Acres
StatusActive

About 1401 Bissell Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1923

Listing Office:

  • Office Name: Security Pacific Real Estate
  • Office Phone: (510) 222-8340
  • Listing Agent: Colin Davies

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Tile, Wood

Exterior Features

Parking Information:

  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Corner Lot
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Cooling: Other

Other

Directions Information:

  • Directions: Google Maps Cross Street: Marina Way.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,050,000

Tax Information:

  • Annual Amount: $13,444
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Richmond, CA.

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Richmond, CA

City

Med. Sold Price

$650K

Med. Price/SqFt

$509

Avg. Days On Market

35

# of Sold Homes

38

1401 Bissell Ave vs Richmond

3 DAYS ON ROCKET

-32 Days

$1,050,000

+$400K More

KEY TAKEAWAY

This property is $400K more than the Median Sold Price in Richmond, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41081437

Listing Office:

  • Office Name: Security Pacific Real Estate
  • Office Phone: (510) 222-8340
  • Listing Agent: Colin Davies

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 8:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 15, 2014Home Sold
$571,500
Aug 09, 2012Home Sold
$350,000
Apr 01, 2010Home Sold
$240,000
Nov 18, 2003Home Sold
$595,000
Oct 26, 2001Home Sold
$399,000
Aug 25, 2000Home Sold
$213,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,444$634,211
2020$12,887$627,709
2019$12,129$615,402
2018$11,811$603,336
2017$11,608$591,507

History based on county public records data.

Payment Calculator

$5,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,214

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-666187
3
/10

  • Nystrom Elementary School

  • 230 Harbour Way S

  • 0.48 miles

  • Public District Grades KG-6

school-card-donut-666188
2
/10

  • Lincoln Elementary School

  • 29 6th St

  • 0.49 miles

  • Public District Grades KG-6

school-card-donut-666189
2
/10

  • Coronado Elementary School

  • 2100 Maine Ave

  • 0.59 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,326. The majority of Richmond, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Contra Costa County›Richmond›94801›1401 Bissell Ave

This home is located at 1401 Bissell Ave in Richmond, CA and zip code 94801 in the Richmore Village neighborhood. This home, which was built in 1923, sits on a 0.15 acre lot. It has been listed on Rocket Homes since January 03, 2025 and is currently priced at $1,050,000.

In December 2024, from all listings sold in Richmond, CA there were more than 15 sold above asking price, over 15 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Richmond, CA between November 2024 and December 2024 decreased by 20.7%. In December 2024 median list price was $650,000 and the average listing age was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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