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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