Richmond, CA 94801
$999,000
Bed
0
Bath
0
Living Space
3,932 SqFt
Year Built
N/A
Lot Size
N/A
Days
15
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.
Listing provided courtesy ofEymon Binesh License 02060059 Marcus & Millichap
West Contra Costa Unified School District is the school district serving 203 Bissell Avenue. No specific GreatSchools ratings were found for elementary, middle, or high schools assigned to this address.
Within a 1-2 mile radius of 203 Bissell Avenue, several parks and recreational areas are available. These include Nevin Park, Nevin Center, and Atchison Village Park. Additionally, Miller/Knox Regional Shoreline and Rosie the Riveter/World War II Home Front National Historical Park are accessible within a few miles, offering trails, shoreline access, and historical significance.
The property at 203 Bissell Avenue is located in the Iron Triangle neighborhood, which is situated in the heart of Central Richmond, California. This area is largely residential, with local businesses and dining options available within a mile. The community character emphasizes local engagement and supporting small businesses, as seen in initiatives like the "SELF Shop-Eat-Local-First" program.
203 Bissell Avenue has a Walk Score of 74 out of 100 and a Transit Score of 45 out of 100. Most errands can be accomplished on foot, and there are some nearby public transportation options. Verified transit routes include the 607 Richmond High - Point Richmond, 72M Macdonald - San Pablo, and 681 DeJean - Cutting - Macdonald. The Richmond Station (BART & Amtrak) is approximately 1.3 miles away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
West Contra Costa Unified School District is the school district serving 203 Bissell Avenue. No specific GreatSchools ratings were found for elementary, middle, or high schools assigned to this address.
Within a 1-2 mile radius of 203 Bissell Avenue, several parks and recreational areas are available. These include Nevin Park, Nevin Center, and Atchison Village Park. Additionally, Miller/Knox Regional Shoreline and Rosie the Riveter/World War II Home Front National Historical Park are accessible within a few miles, offering trails, shoreline access, and historical significance.
The property at 203 Bissell Avenue is located in the Iron Triangle neighborhood, which is situated in the heart of Central Richmond, California. This area is largely residential, with local businesses and dining options available within a mile. The community character emphasizes local engagement and supporting small businesses, as seen in initiatives like the "SELF Shop-Eat-Local-First" program.
203 Bissell Avenue has a Walk Score of 74 out of 100 and a Transit Score of 45 out of 100. Most errands can be accomplished on foot, and there are some nearby public transportation options. Verified transit routes include the 607 Richmond High - Point Richmond, 72M Macdonald - San Pablo, and 681 DeJean - Cutting - Macdonald. The Richmond Station (BART & Amtrak) is approximately 1.3 miles away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.