2180 California St - Apartments FOR SALE


Concord, CA 94520- Concord/Pleasant Hill
$2,580,000 USD
650-492-0934
2180 California St, Concord, CA for Sale
$2,580,000 USD
Apartments - FOR SALE
1/2
null | 4.34% Cap Rate

2180 California St
Concord, CA 94520
Concord/Pleasant Hill


HIGHLIGHTS

  • 2180 California St is not subject to the local rent control ordinance allowing investors to boost their revenue by increasing rents.
  • Investors are presented with the opportunity to increase property value through condo conversion, creating the possibility for individual ownership.
  • This 2000s vintage multifamily asset features 6 beautifully designed two-bedroom floor plans, each complimented with its own attached private garage.
  • Investors have the opportunity to acquire an exceptional 6-unit investment opportunity in the thriving city of Concord, California.
  • Tenants enjoy convenient access to major transportation corridors such as Interstate 680, California State Route 242, and California State Route 4.

OVERVIEW

2180 California St is a stunning 6-unit apartment community located in the thriving city of Concord, California. Situated on a 9,600 square feet parcel of land, the subject property was originally constructed in 2001 and has a gross building area of approximately 6,938 square feet, offering its tenants beautifully designed large two-bedroom townhouse floor plans. Concord, CA is the second largest city in Contra Costa County and the 8th largest city by population in the San Francisco Bay Area. The city is a major regional center on the East Bay and is located about 30 miles east of San Francisco. Concord also provides easy access to Napa Valley, Silicon Valley and Sacramento. The subject property is centrally located and is within close proximity to many transportation corridors including Interstate 680, California State Route 242, California State Route 4, and the Concord BART Station. Tenants and residents also enjoy convenient access to many of the Bay Area’s top employers including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, Google, Apple, Meta as well as many others. The investment appeal of this asset is driven by the Bay Area’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 2180 California St presents an attractive choice for East Bay renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,580,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

6

PRICE/UNIT

$430,000

CAP RATE

4.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,600 SF

ZONING

RH

APN/PARCEL ID

126-041-017-8

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.