Sold
1642 Clayton Rd
Concord CA, 94520
$2,380,000
$415.50 per sqft
Sold
5,728 sqft
Multi-family
Built in 1960
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.
41035092
MLSⓇ ID
August 4, 2023
Listed
March 15, 2024
Updated
Map
1642 Clayton Rd
Concord CA, 94520
Interior Features
Appliances
Dryer, Washer, Gas Water Heater
Floor Description
Tile, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Area Name
Concord
Garage
No
Parking
Parking Lot, Assigned, Space Per Unit - 1, Uncovered Parking Space
View
No
County
Contra Costa
Pool
No
Buyer Agency Compensation
2%
Listed by Ethan Berger with NAI Northern California
Listing Contact: 925-588-9740
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