The property is one of the best located small multifamily properties in the city of Concord and offers investors the chance to own a quality asset in a fantastic location with the potential to realize rental upside of 25%+ over current in-place rents. The property consists of 1 building housing a total of 8 units, 4upstairs and 4 downstairs and features ideal unit mix of seven 2bedroom 1 bath units and one 1 bedroom 1 bath unit. Each unit features 5 piece appliance package including gas oven/range, microwave hood, dishwasher, fridge/freezer, wall A/C unit, gas wall furnace for heat, dual pane windows, and 1 assigned parking stall per unit. Additional revenue is generated by leasing unassigned parking stalls and the coin-operated on-site laundry machines. Limited landscaping and the simplistic structure require very littlie maintenance reducing owner operating costs.
Multi-familyProperty Type
1960Year Built
9,671 sq ftLot Size
$416Price/Sq.Ft.
Listed by Ethan Berger•DRE #01868467• NAI Northern California
Bought with Maurice Carbajal•DRE #01415783• GCM Realty & Loans
bridgeMLS, Bay East AOR, or Contra Costa AOR #41035092
Sep 28, 2023
Sold
$2,380,000
$416/sq ft
Sep 27, 2023
Pending
—
Aug 17, 2023
Listing Removed
—
Aug 4, 2023
Listed
$2,350,000
$410/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #40676592
Dec 12, 2014
Sold
$1,465,000
$256/sq ft
Oct 6, 2014
Listed
$1,465,000
$256/sq ft
+7
Numerous quality upgrades including: new plumbing, laminate flooring in the lower level units, tiled entry’s, tiled kitchens &d bathrooms, updated appliances, fencing, security camera’s & new commercial coin operated laundry equipment which generates extra income for the Ownership.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Contra Costa County
APN
128-010-035-3
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 5, 2023.
RH
Residential High Density District
The RH district is applied to areas of the city appropriate for compact, high density, multifamily residential development including apartments, townhomes, and condominiums at densities ranging from 33 to 100 units per net acre, with limited provisions for appropriately scaled and located live/work units. The RH district is consistent with and implements the high density residential (HDR) land use designation of the general plan.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Recreation
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Park & open space
Feb 22, 2023 • Final
Miscellaneous mechanical, electrical or plumbing
Replace a residential water heater.
Plumbing
Water heater
Nov 10, 2016 • Final
Building
Tear off the existing roof cap sheet and install a new single-ply TPO roofing system.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Total # of Parking Spaces: 10
Parking Features: Parking Lot, Assigned, Space Per Unit - 1, Uncovered Parking Space
Interior
Interior Features
Appliances: Dryer, Washer, Gas Water Heater
Flooring: Tile, Carpet
Unit 1 Information
# of Unit 1 Type: 7
Unit 1 # of Bedrooms: 2
Unit 1 # of Bathrooms: 1
Unit 1 Air Conditioning: Yes
Unit 1 Parking Spaces: 1
Unit 2 Information
# of Unit 2 Type: 1
Unit 2 # of Bedrooms: 1
Unit 2 # of Bathrooms: 1
Unit 2 Air Conditioning: Yes
Unit 2 # of Parking Spaces: 1
Multi-Unit Information
Number Of Units Total: 8
Exterior
Building Information
Construction Materials: Stucco
Building Area Total: 5,728
Property Information
Living Area: 5728
Living Area Units: Square Feet
Property Type: COMM RI MULTI-UNITS 5+
Property Sub Type: 5 or More Units
Year Built: 1960
Lot Information
Lot Size Square Feet: 9671
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Lot Features: Level
Utilities
Utility Information
Sewer: Public Sewer
Utilities: All Public Utilities, Individual Electric Meter, Individual Gas Meter
Heating & Cooling
Has Heating
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Contra Costa County
APN: 128-010-035-3
Home facts updated by county records on Sep 5, 2023
Around this home
Schools
Meadow Homes Elementary School
Public K-5 • Assigned • 0.4mi
2/10
Oak Grove Middle School
Public 6-8 • Assigned • 2.2mi
4/10
Mt. Diablo High School
Public 9-12 • Assigned • 1.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
18 unhealthy days expected this year, 19 days in 30 years
Provided by First Street
Historical weather
Concord, CA • 94520
Average low and high temperatures (°F)
61
42
64
45
72
49
71
50
79
54
84
57
86
59
90
60
84
62
79
56
64
48
57
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.5 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.
Property information provided by bridgeMLS, Bay East AOR, or Contra Costa AOR when last listed in 2023. This data may not match public records. Learn more.