Franz Rodriguez - Desert Lifestyle Properties Logo
$995,000
 $5,341 est/mo Sourced by Back At You

1401 Bissell Ave,Richmond, CA 94801

Richmond, CA 94801

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Description

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.

Details

MLS #41126531
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site172
Listing Provided BySecurity Pacific Real Estate | Colin Davies

Features

Units4
Acreage0.16

Interior

CoolingWall Window Units
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofShingle
Construction MaterialsStucco
Lot FeaturesBack Yard, Corner Lot, Garden, Yard

Parking

Parking FeaturesGarage
Garage Yes / NoYes

Area Information

StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Community NameCIVIC CENTER
Listing VS Median (in CIVIC CENTER)
Price:
$995,000
low | high
Med:
$650,000
84.673366834171% of Average
On site:
172
low | high
Med:
17
100% of Average
Sourced by Back At You

Market Activity 94801

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Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountyContra Costa
CityRichmond
Zip Code94801
Community NameCIVIC CENTER
Listing VS Median (in CIVIC CENTER)
Price:
$995,000
low | high
Med:
$650,000
84.673366834171% of Average
On site:
172
low | high
Med:
17
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $746K - $1.243M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
220 Marina Way Property Photo 1
$525,000
220 Marina Way
Richmond, CA 94801
Listing Updated: August 24, 2026 at 7:47:15 AM PDT