Richmond Multifamily Investment
1401 Bissell Ave, Richmond, CA 94801
MULTI_FAMILY - Richmond, CA
Property size:
4,488 SFLot size:
0.16 AcresPrice / SF:
$221/SF- Added:
- Mar 9, 2026
- Days on Market:
- 105
- Last Refresh:
- Jun 21 at 7:06 pm
Property Features for 1401 Bissell Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 9, Bedroom 4, Bedroom 2
- Parking features
- Garage
- Window features
- Window Coverings
- Interior features
- Formal Entry, Tub w/Shower Over
- Exterior features
- Back Yard, Garden/Play, Side Yard, Entry Gate, Garden
- Fencing
- Gate, Fenced
- Standard status
- Active
- APN
- 5401400196
- Size
- 4,488 SF
- Lot size
- 0.16 Acres
Utilities
- Cooling system
- Multi Units, Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1923
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Colin Davies (510) 435-3624
Listing office Security Pacific Real Estate 2300 Henry Ave, Richmond, CA (510) 222-8340
Listing date Mar 9, 2026
MLS# 41126531
Listing URL
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.
HighLights
- Four‑unit multifamily in Richmond’s Civic Center district with $91,437 gross operating income and $56,865 net operating income (verified 2025).
- 5.7% cap rate reported at the $995,000 list price.
- Four +/-1,122 SF units totaling +/-4,488 SF on a +/-6,750 SF corner lot.
- Unit 1403 is vacant with a 3‑bedroom/1‑bath layout; remaining units offer a mix of 2‑bedroom/1‑bath and 3‑bedroom/1‑bath.
- Tenants pay water, sewer, gas, electricity, internet, and cable/satellite per current leases; standard trash and recycling not billed to tenants.
- Includes 4 garage parking spaces; stucco construction with a composition roof.
Overview
This four-unit multifamily property is located in Richmond's Civic Center district, near Richmond BART and Amtrak. The property consists of four units, each approximately 1,122 square feet, totaling approximately 4,488 square feet of building area on an approximately 6,750 square foot corner lot. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate. One unit, featuring a three-bedroom/one-bathroom layout, is vacant, presenting an opportunity for owner-occupancy or market-rent leasing. The remaining three units include a mix of two-bedroom/one-bath and three-bedroom/one-bath layouts. Tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. The property includes four garage parking spaces. It 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.
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 | $113.1k | $25.20 |
| − Vacancy | −$5.9k | −$1.31 |
| EGI | $107.2k | $23.89 |
| − OpEx | −$32.2k | −$7.17 |
| NOI | $75.1k | $16.72 |
4,488 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.2K – $1.25M
NOI $75,052 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$928.8K
$812.7K – $1.08M
NOI $65,014 @ 7.0% cap · market cap 6.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.355955
- Latitude
- 37.934311
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four units near transit with income and upside potential.
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 $995,000.
What are key features of this property?
This property features: Four‑unit multifamily in Richmond’s Civic Center district with $91,437 gross operating income and $56,865 net operating income (verified 2025).; 5.7% cap rate reported at the $995,000 list price.; Four +/-1,122 SF units totaling +/-4,488 SF on a +/-6,750 SF corner lot.
