Remodeled Four-Unit Corner
400 Bissell Ave Richmond, CA 94801
New
For Sale
$1,300,000
Remodeled four-unit multifamily on an oversized corner lot with a spacious backyard and in-unit washer/dryer hookups.
Property Size3,550 SF
Price / SF$366.20
Days on Market4
Property Features for 400 Bissell Ave
General Information
- Standard status
- Active
- Size
- 3,550 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1919
Listing Agency:
Keller Williams Realty
(925) 899-0665
Listed By:
Blake Bergesen · License #02176435
(925) 899-0665
Source:
Exitrealty
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 25 at 3:06AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
400 Bissell Avenue is a remodeled four-unit multifamily property on an oversized corner lot with a spacious backyard. The building includes one 4-bedroom/2-bath unit, two 3-bedroom/1.5-bath units, and one 2-bedroom/1-bath unit. Each unit has modern finishes, including stainless steel appliances, and includes in-unit washer/dryer hookups. The property also features two tandem parking spaces per unit and individual gas and electric meters to help manage utilities.
The exterior has been freshly painted, and recent siding repairs have been completed.
Two units are currently vacant, and the remaining units are offered as part of this turnkey investment.
The exterior has been freshly painted, and recent siding repairs have been completed.
Two units are currently vacant, and the remaining units are offered as part of this turnkey investment.
Key Highlights
- Remodeled four‑unit multifamily built in 1919 with updated, modern finishes throughout
- Unit mix: one 4BD/2BA, two 3BD/1.5BA, and one 2BD/1BA
- Kitchens include stainless steel appliances, and each unit has in‑unit washer/dryer hookup(s)
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
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Remodeled four-unit multifamily on an oversized corner lot with a spacious backyard and in-unit washer/dryer hookups.
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: Remodeled four‑unit multifamily built in 1919 with updated, modern finishes throughout; Unit mix: one 4BD/2BA, two 3BD/1.5BA, and one 2BD/1BA; Kitchens include stainless steel appliances, and each unit has in‑unit washer/dryer hookup(s)
