1813 Robin Lane

Concord, CA, 94520

$2,528,000

$361 per ft²
$2,528,000
$361 per ft²
Pending
Pending
 - For Sale
carpenters-square
6,994 ft²
property_type
Commercial
calendar
Built 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.
MLS® ID:
41011344
Listed:
10/11/22
Updated:
1/27/23

Interior Features

Kitchen Appliances
Dryer, Washer
Total Bedrooms
0
Total Bathrooms
0
Floor Description
None
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.51 acres lot
Exterior Features
Garden
Lot Details
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
N
County
Contra Costa
Utilities
All Public Utilities, Individual Electric Meter
Pool
No
Buyer Agency Compensation
2

Property History

Date
Event
Price
Value
1/16/23
Pending
-
-
12/12/22
Active
-
-
11/28/22
Pending
-
-

Courtesy of BHHS Drysdale Properties, Eric Keena,
Listing Contact:  

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