2024 Sierra Rd | Concord, CA 94518
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2024 Sierra Rd
Concord, CA 94518
Anchor Apartments · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- 100% OCCUPANCY - The Property is currently 100% occupied and has not had a true vacancy in over 6 years.
- STRONG UNIT MIX - The Property is entirely comprised of spacious two-bedroom/one-bathroom units with large balconies and patios.
- HIGH TENANT DEMAND - The vacancy rate in Concord is 5.6%, which is 1.2% lower than the East Bay market, and 2.1% lower than the national avg.
- ATTRACTIVE PER UNIT BASIS - The price per unit basis represents a 38% discount to the average PPU of comparable market sales.
- OUTSTANDING AMENITIY PACKAGE - Tenants enjoy a gated swimming pool and courtyard, shared 24/7 laundry room, and 1.55 parking stalls/unit.
- POSITIVE RENT GROWTH TRENDS - The Concord submarket was the only submarket in the East Bay to record positive rent growth of 0.4%.
PROPERTY FACTS
| No. Units | 18 | Building Size | 13,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1961 |
| Building Class | C | Parking Ratio | 2.07/1,000 SF |
| Lot Size | 0.61 AC | ||
| Zoning | RM - Residential Medium Density | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 13,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | RM - Residential Medium Density |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
- Patio
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | 750 |
PROPERTY TAXES
| Parcel Number | 129-310-011-9 | Improvements Assessment | $564,689 |
| Land Assessment | $446,474 | Total Assessment | $1,011,163 |
PROPERTY TAXES
Parcel Number
129-310-011-9
Land Assessment
$446,474
Improvements Assessment
$564,689
Total Assessment
$1,011,163
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