1642 Clayton Rd, Concord, CA 94520
Property · 2 recorded sales since 2014
Sold September 2023
Listing Agent: Ethan Berger (DRE #01868467) · Listing Office: NAI Northern California · Contact: 510-336-4712 · Bought with: Maurice Carbajal · GCM Realty & Loans · MLS #41035092 · Source: CRMLS
About this property
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.
Listing description from the September 2023 sale, as reported to CRMLS.
Sale history
