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$2,528,000
1813 Robin Lane, Concord, CA 94520
0 Beds
0 Baths
6,994 SqFt

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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.
  • Price:
  • $2,528,000
  • Square Footage:
  • 6,994
  • Acreage:
  • 0.51
  • Year Built:
  • 1970
  • Listing ID #:
  • 41011344
  • Street Address:
  • 1813 Robin Lane
  • City:
  • Concord
  • State:
  • California
  • Postal Code:
  • 94520
  • County:
  • Contra Costa
  • Community:
  • Concord
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Total Building Square Footage:
  • 6994
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1970
  • Lot Features:
  • Regular, Garden
  • Lot Size:
  • 22216
  • Lot Square Footage:
  • 22216
  • Originating Mls:
  • Bay East
  • Parking Description:
  • Carport, Parking Lot, Space Per Unit - 1, Uncovered Park Spaces 2+
  • Appliances:
  • Dryer, Washer
  • Cooling System:
  • Wall/Window Unit(s)
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Wall Furnace
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Eric Keena with Bhhs Drysdale Properties
  • CABAYEAST

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