203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
203 Bissell AVE, Richmond, CA 94801
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Eduardo Huerta And Lizzeth Flores

Eduardo Huerta And Lizzeth Flores

+1(408) 272-1031
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$ 999,000
Est. payment | /mo

12 Beds

5 Baths

3,932 SqFt

Save
$ 999,000
Est. payment | /mo
Save

12 Beds

5 Baths

3,932 SqFt

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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Eduardo Huerta And Lizzeth Flores
Eduardo Huerta And Lizzeth Flores

REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479

+1(408) 272-1031

750 N. Capitol Ave. Suite B2, Jose, CA, 95133

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203 Bissell AVE