508 Bissell Avenue

Richmond, CA 94801

$750,000
Last Sold Price
8
Beds
3
Baths
4,240 Sq. Ft.
$177 / Sq. Ft.
4,240
Sq. Ft.
$177
per Sq. Ft.

Description

508 Bissell Ave is an investment triplex with high return on current income and strong rental upside. The building offers an attractive unit configuration of 2 three bedroom/one bathroom units, 1 two bedroom/one bathroom unit, and a shared backyard patio. The building has been freshly painted, some units have been partially upgraded, each unit has a dedicated water heater and in-unit washer/dryer, and the plumbing has been replaced throughout the property. This is a rare opportunity to buy a building...508 Bissell Ave is an investment triplex with high return on current income and strong rental upside. The building offers an attractive unit configuration of 2 three bedroom/one bathroom units, 1 two bedroom/one bathroom unit, and a shared backyard patio. The building has been freshly painted, some units have been partially upgraded, each unit has a dedicated water heater and in-unit washer/dryer, and the plumbing has been replaced throughout the property. This is a rare opportunity to buy a building at an extremely low price/foot, with nearly 40% rental upside, and strong return day one.

Listing Agent

  1. Ben Weil

    Ben Weil

    Listing Agent

    Compass

    DRE #01816078

    ben.weil@compass.com

    P: 415.874.5019

Property Details for 508 Bissell Avenue

City
RICHMOND
Building Type
TRIPLEX
Property Sub Type
TRIPLEX
Garage/Parking
No Parking
Park Spaces Total
0

Location

Listing Courtesy of COMPASS, Ben Weil, DRE #01816078

Sold By COMPASS, Ben Weil, DRE #01816078

Add your commute
LISTING UPDATED: 05/26/2021 05:14 PM

Property Details for 508 Bissell Avenue

StatusSold
MLS #40937832
Days on Compass44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1940
Lot Size0.06 AC / 2,433 SF
CountyContra Costa County

Location

Listing Courtesy of COMPASS, Ben Weil, DRE #01816078

Sold By COMPASS, Ben Weil, DRE #01816078

Add your commute

Building Information for 508 Bissell Avenue

Stories-Residences3Year Built1940Building Size-Lot Size0.06 AC / 2,433 SF

Payment Calculator

$5,371 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$1,278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 508 Bissell Avenue

Features
Feature Details
  • Flooring: Hardwood Floors, Hardwood Flrs Throughout
  • Laundry: Dryer, Washer
Utility Details
  • Cooling: Other
  • Heating: Other Heat
  • Water/Sewer: Meter on Site, Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Playground
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Composition Shingles, Masonry, Wood Frame, Wood Siding
  • Lot Description: Regular, Backyard, Curb(s), Paved
  • Lot Sq Ft Apx: 2433
  • Lot Size Square Feet: 2433.0
  • Roof: Shingle
  • Sq Ft Apx: 4240
  • Yard Description: Back Yard, Fenced, Patio, Back Yard Fence, Chain Link Fence, Wood Fencing, Yard Space
  • Year Built: 1940
  • Acres: 0.06
Location Details
  • Directions to Property: Off 580 Hwy at Harbour Way S
  • FIPS Code: 06013
  • Parcel Number: 538-300-003-0
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 3
  • Basement: None
  • Parking Description: No Parking on Site, Street Parking
  • Existing Lease Terms: Written Agreement
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner
Income / Expense Details
  • Annual Expense Year: 0
  • Annual Taxes $: $0
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $52,800
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $52,272
  • Gross Oper Income (Act): $52,272
  • Net Operating Income: $32,274
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maintance Expense: $0
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $19,998
  • Annual Utility Expense: $0
  • Annual Vacancy Expense: $0
  • Other Annual Expense: $0
Unit 1 Details
  • Bedrooms 1: 3
  • Bathrooms 1: 1
Unit 2 Details
  • Bedrooms 2: 3
  • Bathrooms 2: 1
Unit 3 Details
  • Bedrooms 3: 2
  • Bathrooms 3: 1
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Play Area
  • Total Deposits: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 508 Bissell Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 Bissell Avenue

Taxable ValueLand$408,000Additions$418,200Total$826,200
Tax Record2023$15,333 ($1,278 / month)
Home Facts
Total Finished SqFt4,240 SqFtAbove Grade Finished SqFt4,240 SqFtStories1Lot Size2,433 SqFtStyleTriplexYear Built1940CountyCONTRA COSTAAPN538-300-003-0

Schools near 508 Bissell Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 6

Lovonya Dejean Middle School
Public7 to 8

Kennedy High School
Public9 to 12

Greenwood Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Ben Weil, DRE #01816078

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.