Turnkey Four-Unit Residential
400 Bissell Ave Richmond, CA 94801
New
400 Bissell Ave, Richmond, CA, 94801
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - Richmond, CA
Property Size3,550 SF
Lot Size0.13 Acres
Price / SF$366.20
Days on Market2
Property Features for 400 Bissell Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 12
- Bathrooms
- 7
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 11, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 12, Bedroom 10, Bedroom 9
- Parking features
- Guest
- Exterior features
- Back Yard, Side Yard
- Fencing
- Fenced
- Standard status
- Active
- APN
- 5383100012
- Size
- 3,550 SF
- Lot size
- 0.13 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1919
- Number of units
- 4
- Flooring type
- Laminate, Carpet
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
Keller Williams Realty
(925) 934-2900
Listed by
Blake Bergesen
(925) 899-0665
Added: Jul 21 Checked: Jul 22 at 11:06AM
MLS# 41142340
Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled four-unit residential property features a mix of one 4-bedroom/2-bath unit, two 3-bedroom/1.5-bath units, and one 2-bedroom/1-bath unit. Kitchens include stainless steel appliances, and each unit has washer/dryer hookup capabilities. The property also provides two tandem parking spaces per unit and separate gas and electric meters to support straightforward utility management.
The building sits on an oversized corner lot with a spacious backyard. Exterior improvements include fresh paint and recent siding repairs.
Two units are currently vacant, offering flexibility for an investor or owner-occupant. The remaining units are configured to provide tenants in-unit convenience through washer/dryer hookups and dedicated metering.
The building sits on an oversized corner lot with a spacious backyard. Exterior improvements include fresh paint and recent siding repairs.
Two units are currently vacant, offering flexibility for an investor or owner-occupant. The remaining units are configured to provide tenants in-unit convenience through washer/dryer hookups and dedicated metering.
Key Highlights
- Four‑unit property at 400 Bissell Avenue (built 1919) on an oversized corner lot with back yard and side yard
- Unit mix: one 4‑bedroom/2‑bath, two 3‑bedroom/1.5‑bath, and one 2‑bedroom/1‑bath unit
- All units fully remodeled with modern finishes, including stainless steel appliances in the kitchens
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.5k | $25.20 |
| − Vacancy | −$4.7k | −$1.31 |
| EGI | $84.8k | $23.89 |
| − OpEx | −$25.4k | −$7.17 |
| NOI | $59.4k | $16.72 |
3,550 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$848.1K
$742.1K – $989.4K
NOI $59,366 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$734.7K
$642.8K – $857.1K
NOI $51,426 @ 7.0% cap · market cap 3.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Remodeled quadplex with unit mix from 2- to 4-bedrooms, stainless appliances, washer/dryer hookups, and individual gas and electric meters.
Where is this quadplex located?
The property is located at 400 Bissell Ave Richmond, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property at 400 Bissell Avenue (built 1919) on an oversized corner lot with back yard and side yard; Unit mix: one 4‑bedroom/2‑bath, two 3‑bedroom/1.5‑bath, and one 2‑bedroom/1‑bath unit; All units fully remodeled with modern finishes, including stainless steel appliances in the kitchens
