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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