203 Bissell Ave, Richmond, California 94801, Richmond, - bed, bath
ACTIVE$1,275,000
203 Bissell Ave, Richmond, California 94801
0Bed
0Bath
Sqft
3,656Lot
Year Built
1908
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41102085
Home ConditionFair
Features
Patio
View-
About this home
High cash flow opportunity; This Fourplex will be delivered with 1 Vacant unit . 4 Rooms in each unit with either 1 or 2 bathrooms depending on the unit, unit one is being rented per bedroom for a higher cashflow and can be done with the other units or they can be rented to a single family tenant. Well Maintained. Access to BART and freeways makes this a popular rental location. BART is at nearby. Financials are in Disclosures upon request, contact listing agent for more details/questions.
Nearby schools
3/10
Lincoln Elementary School
Public,•K-6•0.3mi
3/10
Peres Elementary School
Public,•K-6•0.6mi
3/10
Washington Elementary School
Public,•K-6•1.0mi
1/10
Lovonya Dejean Middle School
Public,•7-8•1.7mi
1/10
Helms Middle School
Public,•7-8•2.4mi
4/10
Fred T. Korematsu Middle School
Public,•7-8•3.9mi
3/10
Richmond High School
Public,•9-12•1.6mi
2/10
Kennedy High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
06/19/25
Listing
$1,275,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 3,656 | 5,000 | 20% |
| Price | $1.27M | $750K | 80% |
| Price per square foot | $0 | $0 | |
| Built year | 1908 | 1919 | 40% |
| HOA | |||
| Days on market | 138 | 158 | 20% |
Condition Rating
Fair
The property was built in 1908, making it very old. While the interior shows recent cosmetic updates such as fresh paint and newer laminate flooring in some areas, and updated basic white kitchen cabinets, the kitchen appliances (gas range, refrigerator) appear old and dated. The countertops are laminate, and light fixtures are basic flush-mounts. There are no images of the bathrooms, which is a key factor. The overall condition suggests regular upkeep and some minor updates, but not an extensive renovation that would bring a 116-year-old property to modern standards. Major components, particularly appliances and potentially unseen systems, are likely outdated, fitting the 'fair' category.
Pros & Cons
Pros
High Cash Flow Potential: The property is explicitly marketed as a 'High cash flow opportunity,' with unit one already rented per bedroom for higher income, a strategy that can be replicated across other units.
Immediate Income/Flexibility: One unit will be delivered vacant, allowing the new owner to immediately place a tenant at current market rates or potentially occupy it themselves, providing immediate income or personal use flexibility.
Excellent Transportation Access: Its proximity to BART and freeways makes it a 'popular rental location,' enhancing tenant demand and potentially supporting higher rental rates due to convenient commuting options.
Multi-Unit Investment (Quadruplex): As a fourplex, the property offers diversified income streams, reducing investment risk compared to single-unit properties and providing a stable asset for investors.
Well Maintained Condition: The property is described as 'Well Maintained,' suggesting a lower likelihood of immediate, significant repair costs and presenting a more attractive asset to potential tenants.
Cons
Advanced Age of Property: Built in 1908, the property is over a century old, which may imply aging infrastructure (plumbing, electrical, roof) that could require substantial capital expenditures in the future, despite current maintenance.
Intensive Management for Per-Bedroom Rentals: While boosting cash flow, the per-bedroom rental model typically leads to higher tenant turnover, increased wear and tear, and more intensive property management demands compared to traditional unit rentals.
Limited Lot Size: With a lot size of 3656 sq ft for a quadruplex, outdoor space for tenants may be limited, and future expansion or development opportunities could be constrained.