203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
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Joel Martinez

Joel Martinez

+1(408) 819-1114
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$999,000
Est. payment /mo
12 Beds
5 Baths
3,932 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,932 sqft

Price per Sqft $254

MLS Listing ID ML82045270

Bedrooms 12

Full Baths 5

Year Built 1908

Lot Size 9,800 Sqft

Property Sub-Type Fourplex

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

Area Richmond - South

Zoning RM

Interior

Heating Gas

Cooling None

Laundry Coin Operated

Exterior

Parking Features On Street

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Story 1

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 538-190-021-5

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Joel Martinez

Joel Martinez

+1(408) 819-1114

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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