1621 Detroit Ave | Concord, CA 94520
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- LoopNet Team
1621 Detroit Ave
Concord, CA 94520
Californian Villas · Multifamily Property For Sale
·
35 Units
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase 35 units in the I-680 / CA-24 Corridor
- 70% of the units have been renovated & feature contemporary finishes
- No local rent control in Concord - 2023 Allowable Rent Increase is 10%
- Significant interior & exterior capital improvements completed
- Concord average rent has grown 69% since 2013 and is expected to grow an additional 36% over the next 10 years
- The median single family home sale price in Concord has increased more than 48% over the last 5 years
PROPERTY FACTS
| No. Units | 35 | Building Size | 24,958 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1966/2021 |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Lot Size | 0.91 AC |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 24,958 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 1.96/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Island Kitchen
- Linen Closet
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 23 | - | 650 |
| 2+1 | 12 | - | 780 |
PROPERTY TAXES
| Parcel Number | 128-010-067-6 | Improvements Assessment | $5,767,488 |
| Land Assessment | $3,570,000 | Total Assessment | $9,337,488 |
PROPERTY TAXES
Parcel Number
128-010-067-6
Land Assessment
$3,570,000
Improvements Assessment
$5,767,488
Total Assessment
$9,337,488
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