Sold
1835 Robin Ln
Concord CA, 94520
$3,200,000
$349.80 per sqft
Sold
9,148 sqft
Commercial
Built in 1969
1835 Robin Lane presents an excellent opportunity for an investor to purchase a 11 unit apartment building in the city of Concord. Built-in 1969, the property consists of three buildings surrounding a central courtyard on a 22,216 square foot lot. The combined square footage of all three buildings is 9,148 square feet and includes covered and uncovered off-street parking spaces. The property consists of eleven (11) 2 bedroom/ 2 bathroom units, each with their own balcony or ground floor patio space on a low maintenance landscape. Five units have been fully renovated by current ownership, and all units are individually metered for gas and electric. The property also collects ancillary income with onsite laundry facilities and available storage lockers. The property boasts a "Very Walkable" walk score of 78 and is a great location for commuters with its close proximity to CA-242, as well as less than 2 miles to the Downtown Concord BART station and Todos Santos Plaza.In all, this opportunity will provide a new investor with day one cash flow, additional upside with annual rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay.
41020944
MLSⓇ ID
March 7, 2023
Listed
November 21, 2024
Updated
Map
1835 Robin Ln
Concord CA, 94520
Interior Features
Interior Features
Storage
Floor Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Multi Units
Exterior/Building Features
Lot Size
0.51 Acres
Exterior Features
Garden
Lot Features
Regular, Security Gate
Roof
None
Sewer
Public Sewer
Other Property Details
Area Name
Concord
Garage
No
Parking
Covered, Parking Lot, Assigned, Uncovered Park Spaces 2
View
No
County
Contra Costa
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/6/2023 | Price change | $3,200,000 -12% |
10/6/2023 | Sold | $3,200,000 |
Listed by Eric Keena with BHHS Drysdale Properties
Listing Contact: 510-381-5434
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