1506 Garcez Dr | Concord, CA 94521
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- LoopNet Team
1506 Garcez Dr
Concord, CA 94521
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Fantastic in-place rental income of over $290,000 annually with additional upside through unit turnover/renovation, and annual rental rate increases
- Well maintained property with significant interior and exterior renovations. Several units updated, double pane windows, exterior paint and new roof
- Blocks to Clayton Valley Shopping Center, close proximity to main thoroughfares, and location served by a highly regarded schools. 4 miles to BART
- Ancillary Income - Laundry income and 8 of 12 units collect an additional $75-$100 per month in utility reimbursement to offset utility expenses
- Ideal Unit Mix - Ten (10) 2 bed/1 bath units, One (1) 2 bed/1.5 bath unit, and One (1) 1 bed/1 bath unit. Covered and uncovered off-street parking
Property Facts
| No. Units | 12 | Building Size | 9,548 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.30 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,548 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.33/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 11 | - | 800 |
Property Taxes
| Parcel Number | 117-180-003-8 | Improvements Assessment | $1,350,648 |
| Land Assessment | $735,512 | Total Assessment | $2,086,160 |
Property Taxes
Parcel Number
117-180-003-8
Land Assessment
$735,512
Improvements Assessment
$1,350,648
Total Assessment
$2,086,160
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