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1835 Robin Ln
Concord, CA 94520
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Impressive 4.7% cash on cash return with interest only loan at 5.85%.
- Covered and uncovered off street parking with balconies and ground floor patios in garden common area setting.
- Separately metered gas & electric, low maintenance landscape. Includes owner storage shed and onsite office space.
- Attractive unit mix - All 2bed/2bath units.
- Five units fully renovated within last 4 years. Recent exterior painting and double pane windows throughout.
- Additional upside in rental rates upon turnover and annual rent increases plus ancillary income through parking, storage, and laundry income.
Property Facts
| No. Units | 11 | Building Size | 9,148 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 0.50 AC | ||
| Zoning | M18 - Residential development | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 9,148 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | M18 - Residential development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Oven
- Carpet
- Yard
- Double Pane Windows
- Family Room
- Garden
Site Amenities
- Courtyard
- Security System
- Gated
- Laundry Service
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 11 | - | 825 |
Property Taxes
| Parcel Number | 128-210-055-9 | Improvements Assessment | $2,244,000 |
| Land Assessment | $1,020,000 | Total Assessment | $3,264,000 |
Property Taxes
Parcel Number
128-210-055-9
Land Assessment
$1,020,000
Improvements Assessment
$2,244,000
Total Assessment
$3,264,000
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