4-Unit Quadplex with Garage
New
For Sale
$949,000
1401 Bissell Ave, Richmond, CA 94801
One vacant three-bedroom apartment offers owner-occupancy or lease-up potential within the existing residential income property.
Property Size4,488 SF
Lot Size0.15 Acres
Price / SF$211.45
Days on Market1
Property Features for 1401 Bissell Ave
General Information
Standard status
Active
Size
4,488 SF
Total Parking Spaces
4
Lot size
0.15 Acres
Property subtype
Investment
Occupancy
75%
Net Operating Income
$56,865
Financials
Asking Price
$949,000
Cap Rate
6%
Gross Income
$91,437
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1923
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Security Pacific Real Estate
Listed By:
Colin Davies · License #01935999
(510) 435-3624
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Security Pacific Real Estate
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Investment Insights
Based on property information with market context.
This quadplex in Richmond’s Civic Center district contains four apartments totaling approximately 4,488 square feet on an approximately 6,750-square-foot corner lot. Each unit is approximately 1,122 square feet. The layouts include three two-bedroom, one-bathroom apartments and one three-bedroom, one-bathroom apartment. The three-bedroom unit at 1403 is vacant. Four garage parking spaces serve the property, and the reported cap rate is approximately 6.0%. Current leases assign water, sewer, gas, electricity, internet, and cable or satellite service to tenants; trash and recycling are not billed to them.
The property is near Richmond BART and Amtrak, the Civic Center, and Kaiser Richmond Medical Center. The rail stations provide regional connections to Oakland, Berkeley, and San Francisco.
The property is near Richmond BART and Amtrak, the Civic Center, and Kaiser Richmond Medical Center. The rail stations provide regional connections to Oakland, Berkeley, and San Francisco.
Key Highlights
- Four apartments totaling approximately 4,488 SF
- Approximately 6,750 SF corner lot
- Unit mix includes three two‑bedroom/one‑bath apartments and one three‑bedroom/one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,052
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,040
$1.5M
Cap Rate 7%
$1,072,171
$1.1M
Cap Rate 9%
$833,911
$833.9K
Market Conditions
NOI Build-Up for 4,488 SF
Gross rent
$113.1K $25.20/SF
− Vacancy
−$5.9K −$1.31/SF
EGI
$107.2K $23.89/SF
− OpEx
−$32.2K −$7.17/SF
NOI
$75.1K $16.72/SF
Area
Richmond, CA
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,040
Cap Rate 7%
$1,072,171
Cap Rate 9%
$833,911
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.2K – $1.25M
NOI $75,052 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$928.8K
$812.7K – $1.08M
NOI $65,014 @ 7.0% cap · market cap 6.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 94801, CA
33,486
Population
11,012
Households
3
Avg Household Size
34
Median Age
19%
College-Educated
69%
High-School Grad
11.5 sq mi
ZIP Area
2,912
Density / Sq Mi
$75,786
Median Household Income
$40,435
Median Earnings
$1,608
Median Rent
$593,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One vacant three-bedroom apartment offers owner-occupancy or lease-up potential within the existing residential income property.
Where is this quadplex located?
The property is located at 1401 Bissell Ave Richmond, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four apartments totaling approximately 4,488 SF; Approximately 6,750 SF corner lot; Unit mix includes three two‑bedroom/one‑bath apartments and one three‑bedroom/one‑bath apartment
