1050 Oak Grove Rd | Concord, CA 94518
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- LoopNet Team
1050 Oak Grove Rd
Concord, CA 94518
Oak Grove Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase a 32 unit value-add investment property in the I-680/CA-24 Corridor
- Great rental income upside potential with no local rent control in the City of Concord
- Median single family home sale price in Concord has increased by more than 48% over the last 5 years pushing more potential home buyers to rent
- Concord avg. rent has grown 7.2% over the last year & is expected to grow by nearly 33% over the next 5 years
- Extra large parcel provides value-add opportunity via the addition of community amenities or ADU's
- Unique location that feeds from the Treat/Oak Grove corridor, Downtown Pleasant Hill & Downtown Walnut Creek
PROPERTY FACTS
| No. Units | 32 | Building Size | 24,553 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 1.31 AC |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 24,553 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.04/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Freezer
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 550 |
| 1+1 | 16 | - | 680 |
| 2+1 | 14 | - | 800 - 900 |
| 2+2 | 1 | - | 900 |
PROPERTY TAXES
| Parcel Number | 129-310-019-2 | Improvements Assessment | $4,616,808 |
| Land Assessment | $2,308,403 | Total Assessment | $6,925,211 |
PROPERTY TAXES
Parcel Number
129-310-019-2
Land Assessment
$2,308,403
Improvements Assessment
$4,616,808
Total Assessment
$6,925,211
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