Concord, CA 94520,1642 Clayton Rd
Concord, CA 94520,1642 Clayton Rd
Concord, CA 94520,1642 Clayton Rd
Concord, CA 94520,1642 Clayton Rd
Concord, CA 94520,1642 Clayton Rd
Concord, CA 94520,1642 Clayton Rd
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$2,380,000

$2,350,000

1.3%
Est.Price: ?

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Est. payment /mo

9,583 Sqft Lot


SOLD DATE : 09/28/2023

Key Details

Sold Price $2,380,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41035092

Sold Date 09/28/23

HOA Y/N No

Year Built 1960

Lot Size 9,583 Sqft

Property Description

The property is one of the best located small multifamily properties in the city of Concord and offers investors the chance to own a quality asset in a fantastic location with the potential to realize rental upside of 25%+ over current in-place rents. The property consists of 1 building housing a total of 8 units, 4upstairs and 4 downstairs and features ideal unit mix of seven 2bedroom 1 bath units and one 1 bedroom 1 bath unit. Each unit features 5 piece appliance package including gas oven/range, microwave hood, dishwasher, fridge/freezer, wall A/C unit, gas wall furnace for heat, dual pane windows, and 1 assigned parking stall per unit. Additional revenue is generated by leasing unassigned parking stalls and the coin-operated on-site laundry machines. Limited landscaping and the simplistic structure require very littlie maintenance reducing owner operating costs.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Total Parking Spaces 10

Building

Lot Description Street Level

Others

Tax ID 1280100353

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California Regional MLS (CRMLS)
Listed by Ethan Berger • NAI Northern California
Bought with Maurice Carbajal • GCM Realty & Loans
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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