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2067 Riley Ct 8 Unit Apartment Building $1,950,000 ($243,750/Unit) 5.51% Cap Rate Concord, CA 94520
Investment Highlights
- Separately Metered for Gas & Electricity
- Additional Income from On-Site Laundry
- Walkable to Shopping, Dining, and Everyday Services
- Individual On-Site Parking Spaces
- Approximately Six Minutes from Concord BART
- Convenient Access to Highways 242 and 4, and I-680
Executive Summary
2067 Riley Court presents an excellent opportunity for an investor to purchase a 8 unit apartment building in the city of Concord. Built-in 1970, the property consists of one building on a 15,246 square foot lot. The combined square footage of all building is 5,642 square feet and includes covered and uncovered parking stalls onsite. The building's ownership has made regular improvements to the property installing wood vinyl and laminate flooring, adding new kitchen cabinetry, counter tops, and appliances through several units and installing security cameras.
Operating expenses are minimal, as all of the units are individually metered for PG&E. There is limited landscaping to maintain, and at 8 units onsite management is not required by the state. An additional room houses a coin-operated laundry machine and dryer which are included in the sale. This great opportunity allows for the new owner to immediately reposition the property and add value.
Operating expenses are minimal, as all of the units are individually metered for PG&E. There is limited landscaping to maintain, and at 8 units onsite management is not required by the state. An additional room houses a coin-operated laundry machine and dryer which are included in the sale. This great opportunity allows for the new owner to immediately reposition the property and add value.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $243,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.51% | Building Size | 5,682 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.32 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.94/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | M1 | ||
| Price | $1,950,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Sale Condition | Deferred Maintenance |
| Gross Rent Multiplier | 11.32 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,682 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | M1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Double Pane Windows
- Linen Closet
- Pantry
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 128-200-054-4 | Total Assessment | $1,291,827 (2026) |
| Land Assessment | $612,938 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $678,889 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
128-200-054-4
Land Assessment
$612,938 (2026)
Improvements Assessment
$678,889 (2026)
Total Assessment
$1,291,827 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Matthew Rulloda -
Monjid Aldiyyat -
Berkshire Hathaway HomeServices Drysdale Properties
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