1813 Robin Ln | Concord, CA 94520
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- LoopNet Team
1813 Robin Ln
Concord, CA 94520
Under Contract · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Great unit mix of eight (8) 2 beds/1bath units and a 3 bed/1.5 bath house on one fenced lot.
- 5.42% cap rate after December rent increase take effect
- Off street carport parking for 9 tenants and 3 uncovered parking spaces. Separately metered for PG&E. Additional parking/laundry income.
- Recent rent increases effective 12/01/22 improve monthly rent by $1,430 per month or 8.9%.
- Immediate cash flow with additional upside in rents to market through annual rent increases or unit turnover
- Less than 2 miles to Downtown Concord BART station. Close proximity to regional highways and public transit access. Walk score of 78 - "Very Walkable"
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,994 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | M18, Concord - Multifamily | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 6,994 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | M18, Concord - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Garden
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 128-210-054-2 | Improvements Assessment | $1,654,236 |
| Land Assessment | $780,300 | Total Assessment | $2,434,536 |
PROPERTY TAXES
Parcel Number
128-210-054-2
Land Assessment
$780,300
Improvements Assessment
$1,654,236
Total Assessment
$2,434,536
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