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1750 Diane Ct 10 Unit Apartment Building $2,600,000 ($260,000/Unit) 6.19% Cap Rate Concord, CA 94520
Investment Highlights
- 5% Allowable Yearly Rent Increases
- Located in a high-demand rental market with consistent occupancy and rent growth
- Positioned within a federally designated Opportunity Zone – potential for long-term tax advantages
- 100% Occupied by Paying & Stable Tenancies w/Rental Upside
- Rents remain more affordable than neighboring cities, driving continued renter migration into Concord
- Excellent location for both stable cash flow and future appreciation
Executive Summary
1750 Diane Ct presents a rare opportunity to acquire a well-located, stabilized 10-unit multifamily property in the high-demand Concord/Pleasant Hill submarket of Contra Costa County. This two-story building offers a strong in-place income stream with value-add potential through light interior upgrades. Currently 100% occupied with strong in-place rents, providing steady income from day one.
Property Facts
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $260,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.19% | Building Size | 7,424 SF |
| Gross Rent Multiplier | 10.58 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | M1, Concord | ||
| Price | $2,600,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 10.58 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,424 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M1, Concord |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 880 |
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 128-300-027-9 | Improvements Assessment | $1,082,130 |
| Land Assessment | $1,082,130 | Total Assessment | $2,164,260 |
Property Taxes
Parcel Number
128-300-027-9
Land Assessment
$1,082,130
Improvements Assessment
$1,082,130
Total Assessment
$2,164,260
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1750 Diane Ct
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