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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