1401 1401 Bissell Ave, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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Richmond, California 94801
This High-Yield Quadruplex is a Prime Investment Opportunity, listed at $995,000—positioned well below the $1,139,051 Fair Market Value by 12%. This valuation gap offers $144,051 in Instant Equity for incoming buyers. The property maintains a Move-In Ready Condition Rating with updated kitchens and hardwood flooring, anchored by a 5.7% Cap Rate. Located steps from Richmond BART and Amtrak, it ensures high rental demand and regional connectivity. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1401 1401 Bissell Ave Subject | $995,000* List Price | 0 | 0 | 4,488 | $254 | - |
A 219 Barrett Avenue Active | $899,900 List Price | 0 | 0 | 3,288 | $274 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1923, the property has been extensively updated and is in move-in ready condition. Interior photos show modern shaker-style kitchen cabinetry, updated bathroom vanities, and well-maintained or refinished hardwood flooring throughout. The vacant unit specifically demonstrates contemporary finishes and clean living spaces that do not require immediate renovation, fitting the criteria for a well-maintained property with updated components.
The property is strategically located near Richmond BART and Amtrak stations, offering exceptional regional connectivity to San Francisco, Oakland, and Berkeley, which drives high tenant demand.
With one vacant three-bedroom unit, an investor can immediately capture market-rate rents or utilize the space for owner-occupancy while benefiting from a solid 5.7% existing cap rate.
Operating expenses are minimized as tenants are responsible for water, sewer, gas, and electricity, significantly reducing the owner's overhead and protecting the net operating income.
Built in 1923, the property may require significant ongoing capital expenditures for maintenance and modernization of aging structural, plumbing, or electrical systems.
While most utilities are tenant-paid, the owner remains responsible for trash and recycling costs, which represents a fixed expense that cannot be billed back to the residents.
Four-unit multifamily investment located in Richmond’s Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four ±1,122 SF units (total building area ±4,488 SF) situated on a ±6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,488 | - | 89% |
| Lot Size | 6,750 | 5,000 | 89% |
| Price | $995.0K | $690.0K | 78% |
| Price per sq ft | $222 | $0 | 67% |
| Built year | 1923 | 1927 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 184 | 11% |
Mar 9, 2026
$995,000
Initial Listing
Oct 15, 2014
$571,500
Public Record
Aug 9, 2012
$350,000
Public Record
Apr 1, 2010
$240,000
Public Record
Nov 18, 2003
$595,000
Public Record
Oct 26, 2001
$399,000
Public Record
Aug 25, 2000
$213,000
Public Record