Active
1880 Robin Lane
Concord CA, 94520
$2,100,000
$405.41 per sqft
Active
5,180 sqft
Multi-family
Built in 1961
This opportunity features many of the key elements of income producing property most sought after by investors; excellent physical condition, favorable unit mix, limited operational expenses, solid in place income with immediate income growth potential, and high demand location offering excellent access to transportation, employment, shopping, dining, and entertainment. The property consists of a total of 8 units, six 2-bedroom 1-bathroom and two 1-bedroom 1-bathroom units fully occupied at near market rents. The ownership has been diligent in their maintenance and updates to the property replacing all of the windows with dual pane vinyl windows, all of the flooring in the units with either tile or vinyl, all of the wall furnaces and recently replacing the water heater. All units feature gas oven/range, refrigerator/freezer, gas wall furnace, wall AC units, hard surface flooring, shower tub combo and come with 1 assigned parking space. Additionally select units have been updated with shaker wood kitchen cabinetry, new appliances, and feature either enclosed patio or balcony and all residents have access to the coin operated laundry facilities. Last unit rented at $2,250.
41054952
MLSⓇ ID
April 4, 2024
Listed
May 10, 2024
Updated
Map
1880 Robin Lane
Concord CA, 94520
Interior Features
Appliances
Dryer, Washer, Gas Water Heater
Floor Description
Laminate, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.18 Acres
Lot Features
Level
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Concord
Garage
No
Parking
Parking Lot
View
No
County
Contra Costa
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listed by Ethan Berger with NAI Northern California
Listing Contact: 925-588-9740
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