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$ 1,295,000
Est. payment /mo
Active
1973 Jacqueline Way Concord, CA 94519
4,176 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,176 sqft
Price per Sqft $310
Subdivision Concord
MLS Listing ID 41151582
HOA Y/N No
Year Built 1968
Lot Size 8,955 Sqft
Acres 0.21
Property Sub-Type Multi Family
Property Description
1973 Jacqueline Way is a two-story, five-unit apartment building on a cul-de-sac in Concord, offered at $1,295,000 ($259,000 per unit, $310 per square foot). Built in 1968, the property totals 4,176 rentable square feet on an 8,955 square foot lot zoned RM. The unit mix is four 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, all currently occupied. In-place rents average $1,857 per month against pro forma market rents averaging $2,560, so market rents sit roughly 38% above current rents. The property delivers a 5.41% cap rate and 11.15 GRM on current income, rising to an 8.61% cap rate and 8.00 GRM at pro forma, making this a value-add opportunity with immediate cash flow. Gas and electric are separately metered and paid by the tenants, with water master metered and trash owner paid. Site amenities include carport parking at one space per unit, an unused garage, and on-site laundry. The location offers easy access to the freeway system and downtown Concord. Concord BART, John Muir Medical Center Concord and Todos Santos Plaza are all about 1.2 to 1.3 miles away, with Sun Valley Mall and Diablo Valley College within about 3.5 miles.
Location
State CA
County Contra Costa
Rooms
Basement None
Interior
Interior Features Other
Heating Natural Gas
Cooling None
Flooring Tile, Carpet, Wood
Fireplace No
Laundry Common Area
Building
Lot Description Cul-De-Sac
Sewer Public Sewer
Water Public
New Construction No
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Listed by Willem Bos • COMPASS