1671 Haller Ct
Concord, CA 94520
Haller Court Apartments · Multifamily Property For Sale · 6 Units

Ethan Berger and the NAI Northern California multifamily team are pleased to offer a 6 unit multifamily investment opportunity located at 1671 Haller Ct. The property consists of a two-story, wood frame and stucco building comprised of six 2 bedroom 1 bathroom units. The building features all dual pane windows, laminate wood flooring, vaulted ceilings in the second story units, gas wall heat, wall ac units, no maintenance landscape and new stucco and exterior paint. In addition, the property features an on-site laundry room, one covered and one open parking stall per unit, storage closets for each unit, individual metering for PG&E and water heaters for each unit dramatically reducing the operating costs for the Owner. The city of Concord does NOT have rent control and the rents at 1671 Haller Ct are well below market with 5 out of 6 tenants on month to month leases providing a new Owner with the opportunity to increase revenue 35% . 1671 Haller Ct is located 1.5 miles from Interstate 680 and and the Concord Bart Station just off of Monument Boulevard in the City of Concord. Concord is located 29 miles east of San Francisco and is the largest city and job center in Contra Costa County. The Concord rental market is one of the strongest in the Bay Area consistently posting double digit annual rent growth with occupancy levels at 96%+. Concord's rental market has benefited greatly from spillover Bay Area population growth and skyrocketing rents in more infill locations as renters seek out more affordable suburban housing. Even with recent robust rent growth Concord rents, on average, are still cheaper than most other Bay Area cities and with limited development of additional housing and continued population spillover additional rent growth is expected for 2019.