NOT LISTED FOR SALE
Studio
-- Baths
5,728 Sq Ft
9,671 Sq Ft Lot

Sale Details

Date Sold: September 28, 2023

Last sale price $2,380,000 $416 Per Sq Ft

13 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Closed Circuit Camera
  • Level Lot

About This Home

As of September 2023

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

Ethan Berger

Nai Northern California License #01868467 Listed on: 08/04/2023

Nai Northern California

Last Buyer's Agent

Marty Carbajal

Gcm Realty & Loans License #01415783

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,671 Sq Ft Lot
  • Level Lot

Home Design

  • Stucco

Flooring

  • Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Home Security

  • Closed Circuit Camera
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Uncovered Parking
  • Parking Lot
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 5,728 Sq Ft Building
  • Bridge Aor Association

Listing and Financial Details

  • Assessor Parcel Number 1280100353

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

9,671 Sq Ft Lot

Listing Details

  • Year Built: 1960
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.22
  • MLS Status: Sold
  • Standard Status: Closed
  • Directions: Clayton between Pine & Detroit
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Tile, Carpet
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Assigned, Space Per Unit - 1, Uncovered Parking Space

Utilities

  • Heating: Wall Furnace
  • Utilities: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • Cooling: Wall/Window Unit(s)
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s), Closed Circuit Camera(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 9671
  • Parcel Number: 1280100353
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 3361.03

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,380,000 Old Republic Title
1642 Clayton Llc $1,465,000 Old Republic Title Company
Lam Wen D -- None Available
Chapman Jim -- First American Title
Lam Wen D $1,175,000 First American Title Co
Gateway Manor Ltd Liability Company -- First American Title
Chapman James A $850,000 First American Title Guarant
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $1,400,000
Previous Owner 1642 Clayton Llc $904,000
Previous Owner 1642 Clayton Llc $980,734
Previous Owner Lam Wen D $850,000
Previous Owner Lam Wen D $800,000
Previous Owner Gateway Manor Ltd Liability Company $1,312,500
Previous Owner Chapman James A $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: bridgeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $34,394 $2,478,198 $811,512 $1,666,686
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
Source: Public Records

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Map

Source: bridgeMLS

MLS Number: 41035092

bridgeMLS
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