Drive by only. Do Not Disturb Tenants. 1813 Robin Lane presents an excellent opportunity for an investor to purchase a fully occupied nine-unit apartment building in the city of Concord. Built-in 1970, the property consists of three buildings; two fourplexes and a single family home on a 22,216 square foot lot. The combined square footage of all three buildings is 6,994 square feet and includes 9 covered off-street parking spaces and 3 uncovered parking spaces. The property consists of eight (8) 2 bedroom/ 1 bathroom units and the 3 bedroom/1.5 bathroom house which are all individually metered for gas and electricity. Current ownership has recently implemented rent increases across all units that took effect on 12/01/2022, and represents an 8.9% increase in additional income compared to current rents. The property also collects ancillary income with onsite laundry facilities and parking. In all, this opportunity will provide a new investor with day one cash flow, additional upside with recent and future rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay. Property is 2 miles to Concord Bart Station and Todos Santos Plaza.
MLS #
BE41011344
MLS Source
Bay East
Buyer's Brokerage Compensation*
2
Appliances
Dryer, Washer
Flooring
None
Cooling
Window/Wall Unit
Heating
Wall Furnace
Garage/Parking
Parking Area, Spaces per Unit - 1, Garage: Car(s)
Sewer
Public Sewer
1813 Robin Lane is a Residential Income in Concord, CA 94520. This 6,994 square foot property sits on a 0.51 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1970.
This address can also be written as 1813 Robin Lane, Concord, CA 94520.©2024 Bay East. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay East.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of November 25, 2023. For the most current information, please contact Eric Keena, (510) 381-5434