1401 Bissell Ave, Richmond, California 94801, Richmond, 94801 - 0 bed, 0 bath
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1401 Bissell Ave
Richmond, California 94801
ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,488Sq Ft
6,750Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$1,030,046
7% BelowMARKET VALUE
SUMMARY
This four-unit Quadruplex represents a Strong Value Opportunity, listed at $949,000—positioned well below the $1,030,047 Fair Market Value by 7%. This valuation gap offers $81,047 in Instant Equity. With a Condition Rating of 3, the property features updated interiors and functional layouts. The vacancy of a three-bedroom unit provides immediate lease-up potential or an ideal space for an owner-occupant. This is a high-demand asset for Buy-and-Hold Investors or Owner-Occupants seeking transit-oriented cash flow.
Estimated Market Value
$1,030,046+$81,046 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Richmond.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1401 Bissell Ave Subject 0 bd · 0 ba · 4,488 sqft · $230 | $949,000* List Price | 0 | 0 | 4,488 | $230 | - |
A 203 Bissell Avenue Active 0 bd · 0 ba · 3,932 sqft · $252 · 0.6 mi | $989,000 List Price | 0 | 0 | 3,932 | $252 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1923 build date, the property has been well-maintained with interior updates. Kitchens and bathrooms feature shaker-style cabinetry and tile flooring consistent with a renovation from the last 10-15 years. Hardwood floors are in good condition, and the units appear functional and move-in ready for tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Financial Performance
The property offers a competitive 6.0% cap rate with a verified Net Operating Income of $56,865, providing immediate cash flow and a solid return on investment for the Bay Area market.
- Strategic Transit-Oriented Location
Located near Richmond BART, Amtrak, and Kaiser Medical Center, the property is ideally positioned to attract commuters and healthcare professionals, ensuring high tenant demand.
- Immediate Value-Add Potential
The vacancy of a large three-bedroom unit provides a unique opportunity for an owner-occupant to move in or for an investor to immediately lease at current market rates to increase yield.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1923, this century-old structure may require significant long-term capital expenditures for maintenance, repairs, or system upgrades compared to newer builds.
- Residual Utility Expenses
While most utilities are tenant-paid, the owner remains responsible for trash and recycling services, which adds an unrecovered operating expense to the bottom line.
About 1401 Bissell Ave
Four-unit multifamily investment located in Richmond’s Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 financial performance reflects $91,437 Gross Operating Income and $56,865 Net Operating Income, producing an approximately 6.0% cap rate at the $949,000 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1923
- Lot Size
- 6,750 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,488 | 2,524.75 |
| Lot Size | 6,750 | 5,600.222 |
| Price | $949.0K | $854.3K |
| Price per sq ft | $211 | $399 |
| Built year | 1923 | 1947 |
| HOA | $0 | $0 |
| Days on market | 11 | 66 |
Pricing History
Listed for Sale
Oct 13, 2026
$949,000
Initial Listing
Sold
Oct 15, 2014
$571,500
Public Record
Sold
Aug 9, 2012
$350,000
Public Record
Sold
Apr 1, 2010
$240,000
Public Record
Sold
Nov 18, 2003
$595,000
Public Record
Sold
Oct 26, 2001
$399,000
Public Record
Sold
Aug 25, 2000
$213,000
Public Record