1786 Concannon Drive, Oakley, CA 94561

About this property

Wonderful 3 bedroom 2 bathroom open floor-plan home used as a licensed Residential Care Facility. Leased at $3145/mo. In middle of 5 year lease (ends 12/31/25) with annual escalation clause of 5%. CAP rate of 5.3%. Tenant/operator (Teresa's Quality Comfort Care) has been great and would love to stay long term & is willing to renegotiate a new 10 year lease now. Great and large family room, kitchen & dining room. Dramatic vaulted ceilings & lots of natural light. LVP flooring throughout most of home. Mirrored closet doors. Refrigerator, washer & dryer. Spacious & low maintenance yard with free-form aggregate patio and raised block-wall gardening area. Shed on side yard. 2 car garage and extra-wide driveway. Do not disturb current tenants. (Pictures are from before current tenant moved in and once they were ready for residents to move in.)

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$550,000

Sold June 2023 · listed $549,900, on market April 2023 · MLS #41025398 · Source: CRMLS

Listing Agent: Glenn Huxtable · Listing Office: SHARP REALTY · Contact: 925-240-6683 · Bought with: ANGELICA TORRES · CENTURY 21 PRIMETIME REALTORS

$426,000

Sold May 2018 · listed $410,000, on market April 2018 · MLS #40818712 · Source: CRMLS

Listing Agent: Jason Dominguez · Listing Office: BLUE LINE REAL ESTATE · Contact: 925-754-6100 · Bought with: GLENN HUXTABLE · SHARP REALTY

Explore Oakley