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About This Home
This 10-bedroom, 10-bathroom residential multi family at 1401 Bissell Ave in Richmond, CA is listed for $995,000 ($222 per sqft). Built in 1923, the home offers 4,488 sqft of living space on a 0.16 acres lot.
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.
Key Features
- Built in 1923
- 0.15 acre lot
Property Details
Amenities
Monthly Cost Estimate
$5,321/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1401 Bissell Ave
Richmond, CA 94801
Civic Center
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Cooling
Questions & Answers
This 10-bedroom, 10-bathroom residential multi family at 1401 Bissell Ave is listed at $995,000 ($222/sqft). The estimated monthly payment is $4,312 based on 20% down at 6.5% interest.
Key features include: Built in 1923, 0.15 acre lot. Interior Features: Formal Entry, Tub w/Shower Over. Exterior Features: Back Yard, Garden/Play, Side Yard.
This property is listed by Colin Davies and can be reached at 5104353624 or colin@colindaviesrealty.com.