3515 Chestnut Ave - Apartments FOR SALE


Concord, CA 94519- Concord/Pleasant Hill
$6,095,000 USD
209-740-1251
3515 Chestnut Ave, Concord, CA for Sale
$6,095,000 USD
Apartments - FOR SALE
1/55
null | 5.63% Cap Rate

3515 Chestnut Ave
Concord, CA 94519
Concord/Pleasant Hill


HIGHLIGHTS

  • Consists of one (1) 3bd-1.5ba townhouse, one (1) 2bd-1.5ba townhouse, and eighteen (18) 2bd-1ba units
  • Features include secured gated access, on-site laundry, and a community swimming pool
  • Spacious units with private balconies/patios and dual-pane windows
  • 21 covered parking spaces, 8 surface spaces, and 1 secured garage space offering ample parking for tenants and guests
  • Close proximity to I-680, SR-4, and the Concord BART station offering complete Bay Area access
  • Minutes from Todos Santos Plaza offering a weekly farmers market and an array of dining and entertainment options

OVERVIEW

The Mitchell Warren Team is pleased to present 3515 Chestnut Avenue, an impeccably maintained 20-unit asset in the heart of Concord. The 18,050 square foot property consists of one (1) 3- bedroom, 1.5-bathroom townhouse, one (1) 2-bedroom, 1.5-bathroom townhouse, and eighteen (18) 2-bedroom, 1-bathroom units. The spacious units offer excellent floor plans, ample light, and extensive closet/storage space. Additional amenities include large private balconies, covered parking, on-site laundry, as well as a community pool for tenants to enjoy. This pride of ownership property stands out for its pristine cleanliness, exceptional upkeep, and excellent occupancy history demonstrating the strong demand for this location. Don’t miss out on this chance to secure a turnkey multifamily asset in one of the East Bay's most desired submarkets.

FOR SALE DETAILS

PRICE

$6,095,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

20

PRICE/UNIT

$304,750

CAP RATE

5.63%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Concord Location - $255K Reduction

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

none

APN/PARCEL ID

113-202-032-0

ASK ABOUT THIS PROPERTY

Randell SilvaNAI Northern CaliforniaMore Info
209-740-1251

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Randell SilvaNAI Northern CaliforniaMore Info
209-740-1251

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