Property overview
1401 Bissell Ave, Richmond, CA 94801
Beats renting and index funds on our cautious numbers, with enough room to absorb a normal rent shortfall. This one passed our bar.
Civic Center, Richmond · SSA Frank Hagel Federal Building 0.66 mi
Analysis of 2026-09-02 · page updated 2026-10-09
The underwrite
What the $79 underwrite contains
Your underwrite contains the full underwriting
The facts below are public, and so is every source behind them. What a buyer pays for is the answer and the working behind it.
Everything below is public. Your underwrite holds the answer and the working behind it: open it above.
- Our answer at cautious, expected and best-case rents, side by side.
- Every rent we used, and the registry cells it came from.
- Tax reset arithmetic at this ask, with each parcel charge named.
- How far rents can fall before the answer turns over.
- What would change the answer.
- What to demand in writing before you sign.
Delivered within one business day. Every Bay Area 2–4 unit that beats renting and index funds, the week it lists.
Every Bay Area 2–4 unit that beats renting and index funds, the week it lists.
Members: open the full underwrite
This building stood on a board, so the pass opens its underwrite. Sign in and this page hands you the whole thing.
Verification
What we verified
| Fact | Status | Source |
|---|---|---|
| 4 units | corroborated | the public listing states it three ways (the unit chip, the Quadruplex subtype, and its own prose describing four units of about 1,122 sqft each) and the four bathrooms match one per unit; no county building record was read for this parcel, so the count rests on the listing alone |
| 10 bedrooms, 4 baths, 4,488 sqft, built 1923 | corroborated | our listing feed and the live listing agree on all four, and the listing's per-unit description (a vacant three-bedroom, a tenanted three-bedroom, two two-bedrooms) sums to the ten-bedroom total exactly |
| Ask $995,000 | verified | our 2026-09-02 listing-feed pull and the live listing read the same day carry the identical figure; the price has not moved since the building first listed in July 2025 |
| FY 2025-26 tax bill $14,673.58, both installments paid | verified | Contra Costa County Treasurer-Tax Collector secured-tax portal, bill 2025-357224, parcel 540-140-019-6, read 2026-09-02; the fourteen ad valorem lines sum to one cent above the county's stated total, a per-line rounding artifact the county's own bill carries, recorded here exactly as the county prints it |
| Assessed $686,487 for 2025 and $700,216 for 2026 | verified | Contra Costa's bill carries $270,412 of land and $416,075 of improvements for 2025; the listing's own tax history shows the same 2025 figure and the 2% step to 2026, so the two sources agree |
| Unit 1403 vacant; the other three units tenanted | stated | the public listing's prose, which names 1403 as the vacant three-bedroom and describes the remaining three as leased; no lease, rent roll or estoppel was in evidence |
Show the other 5 checks
| Fact | Status | Source |
|---|---|---|
| 2025 gross operating income $91,437 and net operating income $56,865 | stated | broker figures in the listing prose, described there as verified; unaudited, and the listing never says how many months unit 1403 contributed |
| Tenants pay water, sewer, gas, electricity, internet and cable under the current leases | stated | prose in the public listing; the leases themselves were not in evidence. Separately, the county tax roll carries $3,984 a year of Richmond sewer and storm-drain charges that the owner pays through the tax bill whatever the leases say |
| Listed July 2025 at $995,000, pending that August and back on the market two weeks later, withdrawn in January 2026, relisted March 2026 at the same price; 177 days on market this episode | verified | price history on the public listing, read 2026-09-02 |
| Four garage spaces in a detached, side-facing garage | stated | parking fields and prose on the public listing; the garage itself does not appear in the photo gallery |
| 48 listing photos analyzed, 4 flags, all re-anchored by eye | verified | photo analysis pass with citation check on 2026-09-02; the model's frame citations had drifted, two flags were re-anchored to the frames that show them, and two findings did not survive the frame check and stay as inspection questions without photos |
7 facts checked against a named source. 4 we could not settle. 12 open questions, written out in the underwrite.
Assessor
What the roll says
- Assessed value
- $686,487
- Tax rate area
- 08133
- Rate used
- 1.916%
- Tax bill at this ask
- $14,172/yr
- With parcel charges
- $19,068/yr
A bill on the roll belongs to the seller. A sale resets the assessment, so the figure above is what a buyer at this ask would owe.
Community facilities district: none: the bill carries no Mello-Roos line; its only non-ad-valorem items are the eleven direct charges below, led by the city's sewer service charge
Standing
Where this sat
On the East Bay board on September 2, 2026.