203 Bissell Ave, Richmond, California 94801, Richmond, 94801 - bed, bath
ACTIVE$1,199,000
203 Bissell Ave, Richmond, California 94801
0Bed
0Bath
Sqft
3,656Lot
Year Built
1908
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41116686
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(83th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
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
11/04/25
Listing
$1,199,000
07/16/18
Sold
$875,000
02/11/16
Sold
$495,000
02/19/14
Sold
$511,500
12/16/08
Sold
$95,000
08/08/05
Sold
$765,000
Condition Rating
Fair
Built in 1908, this property has received recent cosmetic updates including fresh paint and new laminate flooring, making it clean and functional for tenants. However, the kitchen features basic, older-style white appliances and laminate countertops, which appear outdated. While described as 'well maintained,' the visible updates are primarily cosmetic, and there's no indication of extensive modern renovations to major systems. The overall condition is aged but maintained, with functional but outdated components, fitting the 'Fair' category.
Pros & Cons
Pros
High Cash Flow Potential: The property is explicitly marketed as a 'High cash flow opportunity' with flexible rental strategies (per bedroom or single family), indicating strong income generation prospects.
Multi-Unit Income Property: As a fourplex, it offers diversified income streams, reducing risk compared to single-family rentals and providing a robust investment vehicle.
Strategic Vacancy: One vacant unit provides immediate flexibility for an owner-occupant, strategic tenant placement at current market rates, or the opportunity for renovation to maximize rental income.
Excellent Rental Location: Its proximity and easy access to BART and freeways make it a highly desirable location for renters, ensuring consistent demand and potentially higher occupancy rates.
Well-Maintained Condition: Despite being built in 1908, the property is described as 'Well Maintained,' which suggests reduced immediate capital expenditure concerns for a new owner.
Cons
Property Age & Potential Future Costs: Built in 1908, the property's age, while well-maintained, implies a higher likelihood of needing significant capital expenditures for major system upgrades (e.g., plumbing, electrical, roof) in the long term.
Limited Financial Transparency: Key financial details are only available 'upon request,' which can delay due diligence and may indicate a lack of readily available, comprehensive financial statements for initial assessment.
Small Lot Size for Multi-Unit: A 3,656 sq ft lot for a fourplex is relatively compact, potentially limiting outdoor space for tenants or future expansion opportunities compared to properties with larger land parcels.