Seller's Agent in 2023
Ethan Berger
Nai Northern California
(415) 480-0208
1 in this area
29 Total Sales
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.
Last Agent to Sell the Property
Nai Northern California License #01868467 Listed on: 08/04/2023
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | $2,380,000 | -- | -- |
| 09/28/2023 09/28/23 | Sold | $2,380,000 | +1.3% | $416 / Sq Ft |
| 08/17/2023 08/17/23 | Pending | -- | -- | -- |
| 08/04/2023 08/04/23 | For Sale | $2,350,000 | -- | $410 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,394 | $2,429,531 | $795,600 | $1,633,931 |
| 2024 | $25,569 | $2,382,261 | $780,000 | $1,602,261 |
| 2023 | $25,569 | $1,695,340 | $462,070 | $1,233,270 |
| 2022 | $25,059 | $1,662,901 | $453,010 | $1,209,891 |
| 2021 | $24,308 | $1,631,337 | $444,128 | $1,187,209 |
| 2019 | $23,760 | $1,585,962 | $430,956 | $1,155,006 |
| 2018 | $22,738 | $1,555,454 | $422,506 | $1,132,948 |
| 2017 | $21,879 | $1,527,377 | $414,222 | $1,113,155 |
| 2016 | $21,160 | $1,498,228 | $406,100 | $1,092,128 |
| 2015 | $20,701 | $1,476,000 | $400,000 | $1,076,000 |
| 2014 | $15,565 | $1,040,000 | $470,500 | $569,500 |
Seller's Agent in 2023
Ethan Berger
Nai Northern California
(415) 480-0208
1 in this area
29 Total Sales
Buyer's Agent in 2023
Marty Carbajal
Gcm Realty & Loans
(510) 387-7954
2 in this area
34 Total Sales
Source: bridgeMLS
MLS Number: 41035092