1835 Robin Lane presents an excellent opportunity for an investor to purchase a 11 unit apartment building in the city of Concord. Built-in 1969, the property consists of three buildings surrounding a central courtyard on a 22,216 square foot lot. The combined square footage of all three buildings is 9,148 square feet and includes covered and uncovered off-street parking spaces. The property consists of eleven (11) 2 bedroom/ 2 bathroom units, each with their own balcony or ground floor patio space on a low maintenance landscape. Five units have been fully renovated by current ownership, and all units are individually metered for gas and electric. The property also collects ancillary income with onsite laundry facilities and available storage lockers. The property boasts a “Very Walkable” walk score of 78 and is a great location for commuters with its close proximity to CA-242, as well as less than 2 miles to the Downtown Concord BART station and Todos Santos Plaza.In all, this opportunity will provide a new investor with day one cash flow, additional upside with annual rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay.
- Price:
- $3,600,000
- Square Footage:
- 9,148
- Acreage:
- 0.51
- Year Built:
- 1969
- Listing ID #:
- 41020944
- Street Address:
- 1835 Robin Ln
- City:
- Concord
- State:
- California
- Postal Code:
- 94520
- County:
- Contra Costa
- Community:
- Concord
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Total Building Square Footage:
- 9148
- Year Built:
- 1969
- Lot Features:
- Regular, Security Gate
- Lot Size:
- 22216
- Lot Square Footage:
- 22216
- Originating Mls:
- Bay East
- Parking Description:
- Covered, Parking Lot, Assigned, Uncovered Park Spaces 2+
- Cooling System:
- Wall/Window Unit(s)
- Has Central Air Conditioning:
- Yes
- Heating:
- Multiunits
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Eric Keena with Bhhs Drysdale Properties
