$7,600,000 1880 Parkside Ave Concord, CA

MLS: 40813364   Type: Multi-Family   County: Contra Costa   City: Concord   Zip: 94519   Style: Apt Complex     Taxes: $114,000

Mortgage $35,681 /mo



Half Baths

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This is a rare opportunity for an investor to own an excellent, well-maintained 28-unit multifamily property in one of Contra Costa County’s strongest rental markets. This investment offers a great unit-mix, location and significant upside potential. The subject properties are located in the Concord/Pleasant Hill area of Concord and are a short walk to BART, Safeway, Todos Santos Plaza, and the other amenities of the downtown Concord area. The property consists of three, two-story buildings, situated around a sunny center courtyard, and a single family home. There are 4, 1-bedroom 1-baths; 20, 2-bedroom, 1-baths; and 4, 3-bedroom 1-baths. Included in this sale is a 3-Bed 1-Bath single family home located adjacent to the complex. Each unit is separately metered for P.G.E. The buildings are located on two lots, with a total of 1.61 acres, 41 parking spaces, and the option to tandem park an additional six cars off-street.

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Price History

3/10/2018 Listed $7,600,000

Age 52
All Units Have Deck
Annual Exp Yr 2017
Annual Rent Inc 427800
Cap Rate 3.4
Listing Area Concord
Listing Status Active
Misc. Additional Features In Ground Pool, Play Area
New Subdivision No
Status Active
Total Deposits 0

Interior Features

Basement None
Cooling None
Flooring Linoleum, Tile, Wall to Wall Carpeting
Heating Forced Air 1 Zone, Gas
Laundry Coin Operated
Total Number of Units 29

Exterior Features

Apx Lot Sq Ft 51765
Building Type Apt Complex
Exterior Siding - Stucco
Lot Description Level
Lot Size Area 1.19
Parking Carports - 2 Or More, Covered Parking, Guest Parking, Tandem Parking
Roof Wood Shakes/Shingles
Separate Meters Gas
Total # of Parking Spaces 43
Water/Sewer Sewer System - Public, Water - Public

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Property vs Zip Code Avg (94519)

Price 7.60M Avg 7.60M

Sqr Feet 25,800 Avg 25,800

Cost / Sqr Ft $295 Avg $295

Taxes $114,000 Avg $114,000

Acres 1.19 Avg 1.19

Visits 11 Avg 12

Days on Site 45 Avg 45

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Listing Provided Courtesy Of: Erich Reichenbach with Marcus & Millichap.

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Location & Address

Steve Curtis
1320 Mt Diablo Blvd, #206
Walnut Creek, CA