Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.
2180 California St is a stunning 6-unit apartment community located in the thriving city of Concord, California. Situated on a 9,600 square feet parcel of land, the subject property was originally constructed in 2001 and has a gross building area of approximately 6,938 square feet, offering its tenants beautifully designed large two-bedroom townhouse floor plans. Concord, CA is the second largest city in Contra Costa County and the 8th largest city by population in the San Francisco Bay Area. The city is a major regional center on the East Bay and is located about 30 miles east of San Francisco. Concord also provides easy access to Napa Valley, Silicon Valley and Sacramento. The subject property is centrally located and is within close proximity to many transportation corridors including Interstate 680, California State Route 242, California State Route 4, and the Concord BART Station. Tenants and residents also enjoy convenient access to many of the Bay Areas top employers including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, Google, Apple, Meta as well as many others.
Immaculate, pride of ownership, five-building office campus on one legal parcel. Two extremely attractive tenants, long term, with strong leases in place. Multiple other long term tenants in place, currently on month to month agreements. Strong occupancy history. Well maintained complex with consistent annual maintenance on roof, HVAC, parking lot, and grounds. Fantastic location and identity in one of Contra Costa's best known business parks. Possible commercial condominium conversion potential. Some tenants pay utilities and interior maintenance. One building completed in 2001 and updated/renovated 2022/23. Two modified gross leases and multiple M-T-M full service leases in place.
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The median home value in Concord, CA is $714,000. This is lower than the county median home value of $761,600. The national median home value is $338,100. The average price of homes sold in Concord, CA is $714,000. Approximately 58.48% of Concord homes are owned, compared to 38.7% rented, while 2.82% are vacant. Concord real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Concord real estate agent to arrange a tour today!
Concord, California has a population of 125,769. Concord is less family-centric than the surrounding county with 34.85% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Concord, California is $100,011. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in Concord is 38.5 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 38.8 degrees. The average rainfall is approximately 18.2 inches per year, with 0 inches of snow per year.