Richmond, CA 94801
$989,000
Bed
0
Bath
0
Living Space
3,932 SqFt
Year Built
1908
Lot Size
3,484 SqFt
Days
153
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
Data provided by MLSListings Inc.
- Lincoln Elementary School (Elementary) - GreatSchools rating 4/10 - Peres Elementary School (Elementary) - GreatSchools rating 1/10 - Greenwood Academy (High) - GreatSchools rating 1/10 School District: West Contra Costa Unified School District
Within a 1-2 mile radius of 203 Bissell Avenue, several parks and recreational areas are available. These include Nevin Park, Atchison Village Park, and Shields-Reid Park, which offers a baseball field and grassy areas for activities. Additionally, Nicholl Park, located about 2.5 miles away, features a baseball field, skateboard area, and a children's playground.
The property is located in Richmond's Iron Triangle neighborhood. This area is described as largely residential, with a growing landscape of innovation and opportunity. The neighborhood offers a sense of community through local events and gatherings, and a diverse dining scene with local restaurants.
203 Bissell Avenue has a Walk Score of 69/100 and a Transit Score of 48/100. This indicates that the location is somewhat walkable, and there are some public transportation options available. Nearby transit includes AC Transit bus lines (such as 72M, 76, 667, 607, 681) and BART (Orange and Red lines). The Richmond BART and Amtrak stations are 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.
- Lincoln Elementary School (Elementary) - GreatSchools rating 4/10 - Peres Elementary School (Elementary) - GreatSchools rating 1/10 - Greenwood Academy (High) - GreatSchools rating 1/10 School District: West Contra Costa Unified School District
Within a 1-2 mile radius of 203 Bissell Avenue, several parks and recreational areas are available. These include Nevin Park, Atchison Village Park, and Shields-Reid Park, which offers a baseball field and grassy areas for activities. Additionally, Nicholl Park, located about 2.5 miles away, features a baseball field, skateboard area, and a children's playground.
The property is located in Richmond's Iron Triangle neighborhood. This area is described as largely residential, with a growing landscape of innovation and opportunity. The neighborhood offers a sense of community through local events and gatherings, and a diverse dining scene with local restaurants.
203 Bissell Avenue has a Walk Score of 69/100 and a Transit Score of 48/100. This indicates that the location is somewhat walkable, and there are some public transportation options available. Nearby transit includes AC Transit bus lines (such as 72M, 76, 667, 607, 681) and BART (Orange and Red lines). The Richmond BART and Amtrak stations are 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.
