3480 Willow Pass Rd 3480 Willow Pass Rd 6 Unit Apartment Building $1,475,000 ($245,833/Unit) 5.80% Cap Rate Concord, CA 94519

3480 Willow Pass Road offers investors a clean well maintained, cash flow positive, six-unit multifamily property located in the City of Concord within Contra Costa County. The property’s central location allows tenants convenient access to major Bay Area employment centers, including Downtown Concord, Walnut Creek, Oakland, San Francisco, and Sacramento. The property is situated on the major thoroughfare of Willow Pass Road, directly across from the rolling hills and preserved open space of the East Bay Regional Park District, with land permanently protected following its transfer from the federal government for open space preservation.
Constructed in 1969, the property consists of a two-story wood frame and stucco structure with a flat and mansard style flat roof, and totaling living area of 4,860 square feet. The property floorplans consist of six two-bedroom, one-bathroom units, with superior floorplans each containing either a patio or balcony. The four of the six units have been highly renovated upon turnover and the property benefits from many improvements by the current ownership including double-paned windows, new roof in 2026, new patio fencing, and newer paint. The property has six covered and six uncovered parking spaces, located to the rear of the parcel which are assigned for each unit. The property units are individually metered for gas and electricity, with an onsite laundry room with one washer and one dryer (leased). The property provides direct access to public transportation via. bus service located approximately a four-minute walk from the property and provides service to BART (Bay Area Rapid Transit) in ten minutes or a short drive to the Concord BART station.
The subject property has been held by the same owner for over 25-years and benefits from extremely low turnover and stable tenancy due to the superior location. This asset presents the opportunity for an investor to acquire a simple, well-maintained asset, with stable income and solid day-one cash flow with further upside.