203 Bissell Avenue, Richmond, CA 94801
203 Bissell Avenue, Richmond, CA 94801
203 Bissell Avenue, Richmond, CA 94801
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Pamela Oettel

Pamela Oettel

+1(510) 703-8636
$999,000
Est. payment /mo
12 Beds
3,932 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,932 sqft

Price per Sqft $254

MLS Listing ID ML82045270

Bedrooms 12

HOA Y/N No

Year Built 1908

Lot Size 9,800 Sqft

Property Sub-Type Quadruplex

Property Description

Marcus & Millichap is pleased to present 203 Bissell Ave, offered at $1,150,000, 203 Bissell Ave is a 4 unit multifamily property located in Richmonds Iron Triangle neighborhood. Built in 1908, the property totals approximately 3,932 SF on a 0.08acre lot and is currently 50% occupied, presenting a clear value add and leaseup opportunity. The unit mix consists of one 4BD/2BA unit, two 4BD/1BA units, and one co-living layout, with inplace rents estimated ~13% below market. Utilities are efficiently structured with separately metered gas and electric and master metered water. Street parking only. Financial highlights include an 8.90% current cap rate and a 10.64% pro forma cap rate, supported by strong rent growth potential and operational upside. The property is within close proximity to Richmond BART & Amtrak ( 1.3 miles), major freeways (I80, I580, SR4), Kaiser Permanente Richmond Medical Center, and regional employment hubs. An ideal opportunity for investors seeking high yield, upside through rent increases, and a well-located small multifamily asset in the East Bay.

Location

State CA

County Contra Costa

Zoning RM

Interior

Heating Natural Gas

Cooling No Air Conditioning

Fireplace No

Laundry Coin Operated

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District West Contra Costa (510) -231-1100

Others

Tax ID 5381900215

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Bridge MLS
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Listed by Eymon Binesh • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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