3412 Willow Pass Rd | Concord, CA 94519
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- LoopNet Team
3412 Willow Pass Rd
Concord, CA 94519
Palm Court Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Rare Unit Mix – The property consists 40% large 3-bedroom 2-bath units and 60% 2-bathroom 1-bath units ideal for a workforce housing-oriented market.
- Recent Property Improvements – 2 units have just undergone a full update. Additionally, the pool was replastered and a new pool pump was installed.
- Significant Value Add Potential – Renovated and recently turned units have rented on at a premium of more than $535 and $640 over non-renovated units.
- Strong market fundamentals – The Concord has had a cumulative rent growth of 41.05% and a cumulative price growth of 92.33% over the past 10 years.
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.75 AC |
| Property Type | Multifamily | Building Size | 19,396 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1965/2023 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Zoning | M18 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 19,396 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2023 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | M18 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
SITE AMENITIES
- Laundry Facilities
- Pool
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | 850 |
| 3+2 | 8 | - | 1,050 |
PROPERTY TAXES
| Parcel Number | 114-451-002-9 | Improvements Assessment | $2,286,695 |
| Land Assessment | $3,285,583 | Total Assessment | $5,572,278 |
PROPERTY TAXES
Parcel Number
114-451-002-9
Land Assessment
$3,285,583
Improvements Assessment
$2,286,695
Total Assessment
$5,572,278
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