4-Unit Multifamily
New
For Sale
$949,000
1401 Bissell Ave, Richmond, CA 94801
Residential Income, Richmond, CA
Property Size4,488 SF
Lot Size0.16 Acres
Price / SF$211.45
Days on Market1
Property Features for 1401 Bissell Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
CM-3
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 4, Bedroom 10, Bedroom 7, Bedroom 9, Bedroom 2
Window features
Window Coverings
Interior features
Formal Entry
Exterior features
Back Yard, Entry Gate
Fencing
Gate
Subdivision
Civic Center
Lot features
Corner Lot
Elementary school district
West Contra Costa (510) -231-1100
High school district
West Contra Costa (510) -231-1100
Directions
Google Maps..
Standard status
Active
APN
5401400196
Size
4,488 SF
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1923
Number of units
4
Flooring type
Hardwood
Building materials
Stucco
Roof type
Composition
Listing Agency:
Security Pacific Real Estate
(510) 222-8340
Listed By:
Colin Davies · License #01935999
(510) 435-3624
Added: Oct 13
Last Checked: Oct 13 at 4:06PM
MLS# 41151035
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.
Built in 1923, this four-unit multifamily property contains approximately 4,488 square feet, with each residence measuring about 1,122 square feet. The unit mix includes two- and three-bedroom, one-bathroom layouts. One three-bedroom unit is vacant; the other three units are leased. Interior details include hardwood flooring and wall/window cooling, while exterior features include a gated entry and backyard. Four garage parking spaces serve the property, which sits on an approximately 6,750-square-foot corner lot.
The property is at 1401 Bissell Ave in Richmond’s Civic Center district, near Richmond BART and Amtrak, Richmond Civic Center, and Kaiser Richmond Medical Center. Zoning is CM-3. Current leases assign water, sewer, gas, electricity, internet, and cable or satellite service costs to tenants; trash and recycling are not billed to tenants. The property has a reported approximately 6.0% cap rate.
The property is at 1401 Bissell Ave in Richmond’s Civic Center district, near Richmond BART and Amtrak, Richmond Civic Center, and Kaiser Richmond Medical Center. Zoning is CM-3. Current leases assign water, sewer, gas, electricity, internet, and cable or satellite service costs to tenants; trash and recycling are not billed to tenants. The property has a reported approximately 6.0% cap rate.
Key Highlights
- Four residences totaling approximately 4,488 SF; each unit is approximately 1,122 SF
- Three‑bedroom, one‑bathroom unit is vacant; the other three units have current leases
- Four garage parking spaces on an approximately 6,750 SF corner lot
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
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - One three-bedroom residence is vacant, while the other three units have current leases.
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 residences totaling approximately 4,488 SF; each unit is approximately 1,122 SF; Three‑bedroom, one‑bathroom unit is vacant; the other three units have current leases; Four garage parking spaces on an approximately 6,750 SF corner lot
