NOT LISTED FOR SALE

Estimated Value: $1,436,000 - $1,571,089

8 Beds
4 Baths
3,120 Sq Ft
$477/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $1,550,000 $497 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $9,539/month

27 Days on Market

Highlights

  • Updated Kitchen
  • No HOA
  • Tile Flooring
  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Coin Laundry

About This Home

As of September 2023

Fantastic opportunity for investors to own a turn-key, high income producing multifamily property in a desirable Concord location. The property has been very well managed with only 1 vacancy in the past 3 years and all rents near market rate. Additional income from on-site laundry and parking. All of the units have been updated with dual pane windows, laminate flooring, kitchen cabinetry, appliances, and paint. All units come with AC, gas wall heat, 1 assigned covered parking and storage closet. The property location is ideal for tenants and is within easy walking distance of grocery stores, restaurants, retailers, bus stops and the 126 acre Newhall Park. Ideal for an investor looking for a clean, well-maintained property in a good location. All offers due 8/3 at 12:00 noon.

Last Listed By

Ethan Berger

Nai Northern California License #01868467 Listed on: 07/11/2023

Nai Northern California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,562

Year Built

  • Built in 1962

Lot Details

  • 6,600 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Carport
  • Off-Street Parking

Utilities

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

Additional Features

  • Updated Kitchen
  • Leased Washer and Dryer

Listing and Financial Details

  • Assessor Parcel Number 1331600609

Community Details

Overview

  • No Home Owners Association
  • 3,120 Sq Ft Building
  • Bridge Aor Association

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,562

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: Corner of Clayton Rd & Marclair Dr
  • Carport Y N: Yes
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 8
  • Interior Amenities: Updated Kitchen, Open Beam Ceiling, Storage Area(s), Tub w/Shower Over

Exterior Features

  • Fencing: Partial
  • Lot Features: Corner Lot
  • Construction Type: Stucco
  • Exterior Features: Low Maintenance

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport - 2 Or More, Covered, Guest, Off Street, Space Per Unit - 1
  • Total Parking Spaces: 5

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Utilities: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • Cooling: Wall/Window Unit(s)
  • Laundry Features: Coin Operated, Common Area, Community Facility, Dryer, Laundry Equip - Leased, Washer
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 6600
  • Parcel Number: 1331600609
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2024
Sold by
Washington Christopher
Bought by
Clayton Apartments Llc
Total Days on Market
27
Current Estimated Value
$1,486,772

Purchase Details

Listed on
Jul 11, 2023
Closed on
Sep 20, 2023
Sold by
Clayton Road Partners Llc
Bought by
Washington Christopher
Seller's Agent
Ethan Berger
Nai Northern California
Buyer's Agent
Jacqueline Washington
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.40%
Original Mortgage
$726,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2023
Closed on
Aug 29, 2023
Sold by
Love Carla
Bought by
Washington Christopher
Seller's Agent
Ethan Berger
Nai Northern California
Buyer's Agent
Jacqueline Washington
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2021
Sold by
Mallein Jean Claude B and Mallein Astrid Z
Bought by
Clayton Road Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2021
Sold by
Clayton Road Partners Llc
Bought by
Mallein Jean Claude B and Mallein Astrid Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2020
Sold by
Mallein Jean Claude B and Mallein Astrid Z
Bought by
Clayton Road Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2020
Sold by
Crawford Collin T and Crawford Nancy P
Bought by
Mallein Jean Claude B and Mallein Astrid Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2000
Sold by
Ted Crawford Collin
Bought by
Crawford Collin T and Crawford Nancy P

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Clayton Apartments Llc -- None Listed On Document
Washington Christopher $1,550,000 Old Republic Title
Washington Christopher -- Old Republic Title
Clayton Road Partners Llc -- None Available
Mallein Jean Claude B -- Fidelity National Title Co
Clayton Road Partners Llc -- None Available
Mallein Jean Claude B $1,050,000 Fidelity National Title Co
Crawford Collin T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Washington Christopher $726,000
Previous Owner Mallein Jean Claude B $807,500
Previous Owner Mallein Jean Claude B $787,500
Previous Owner Crawford Collin T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,550,000 -- --
09/22/2023 09/22/23 Sold $1,550,000 +3.7% $497 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $1,495,000 -- $479 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $15,562 $1,550,000 $900,000 $650,000
2023 $15,562 $1,103,735 $683,265 $420,470
2022 $15,285 $1,082,094 $669,868 $412,226
2021 $14,852 $1,060,878 $656,734 $404,144
2019 $6,984 $363,985 $125,988 $237,997
2018 $6,657 $356,849 $123,518 $233,331
2017 $6,359 $349,853 $121,097 $228,756
2016 $6,087 $342,994 $118,723 $224,271
2015 $5,874 $337,843 $116,940 $220,903
2014 $5,637 $331,226 $114,650 $216,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41032785

bridgeMLS

APN: 133-160-060-9