1401 Bissell Ave, Richmond, CA 94801

0 beds 0 baths 6,750 sq.ft.

Offerered at: $995,000.00

Project/Tract: CITY CENTER
County: Contra Costa
Year Built: 1923
Association Fees: $0.00/mo.

Property Description

Professionally managed and fully occupied, this Bay Area investment provides immediate stability and robust cash flow. Verified 2024 financials show an annual rental income of $88,927 plus $809 in parking revenue, totaling $89,736 in gross income, and a $54,360 NOI. Transparent expenses include $14,448 in taxes and $4,117 in insurance, minimizing volatility. Projected 2025 gross scheduled income is $98,640, with a 5.87% cap rate at current performance and up to 9.06% at Fair Market Rent (FMR). The 2025 cap rate, new property tax at reassessment, and FMR are accounted for at the current list price. Located in a high-demand area known for low vacancy,—ideal for a seamless 1031 exchange or a strategic addition to your portfolio.

ESSENTIAL INFO

  • Status: Pending