Sold

1813 Robin Lane

Concord CA, 94520

$2,340,000


$334.57 per sqft

Sold

6,994 sqft

Multi-family

Built in 1970

Drive by only. Do Not Disturb Tenants. 1813 Robin Lane presents an excellent opportunity for an investor to purchase a fully occupied nine-unit apartment building in the city of Concord. Built-in 1970, the property consists of three buildings; two fourplexes and a single family home on a 22,216 square foot lot. The combined square footage of all three buildings is 6,994 square feet and includes 9 covered off-street parking spaces and 3 uncovered parking spaces. The property consists of eight (8) 2 bedroom/ 1 bathroom units and the 3 bedroom/1.5 bathroom house which are all individually metered for gas and electricity. Current ownership has recently implemented rent increases across all units that took effect on 12/01/2022, and represents an 8.9% increase in additional income compared to current rents. The property also collects ancillary income with onsite laundry facilities and parking. In all, this opportunity will provide a new investor with day one cash flow, additional upside with recent and future rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay. Property is 2 miles to Concord Bart Station and Todos Santos Plaza.

41011344

MLS ID

October 12, 2022

Listed

March 15, 2024

Updated

Map

1813 Robin Lane
Concord CA, 94520

Interior Features

Appliances

Dryer, Washer


Floor Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.51 Acres


Exterior Features

Garden


Lot Features

Regular, Garden


Sewer

Public Sewer

Other Property Details

Area Name

Concord


Garage

No


Parking

Carport, Parking Lot, Space Per Unit - 1, Uncovered Park Spaces 2


View

No


County

Contra Costa


Pool

No


Buyer Agency Compensation

2%

Listed by Eric Keena with BHHS Drysdale Properties
Listing Contact: 510-381-5434 

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