Concord, CA 94521-2808,1469 Marclair Dr
Concord, CA 94521-2808,1469 Marclair Dr
Concord, CA 94521-2808,1469 Marclair Dr
$1,400,000
Est. payment /mo
$1,500,000
6.7%
Est.Price: ?

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5,662 Sqft Lot
SOLD DATE : 04/30/2021

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40940074

Sold Date 04/30/21

HOA Y/N No

Year Built 1962

Lot Size 5,662 Sqft

Acres 0.13

Property Description

This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of four 2bd/1bth units of almost 800 sqft. Each unit has tremendous rental upside which will allow the new owner to take advantage of Concord's fast growing rental market. Nearby renovated apartments in this area rent for as much as $2,300. The property has been well managed, which has increased the tenant profile, and made significant upgrades throughout the property. The property has a history to little or no vacancies and currently (3) units are occupied and (1) unit is being rented with Airbnb achieving rents as high as $$3,300 a month. The property is separate for PG&E and there is a room to add onsite laundry which adds additional income each month. There is extra tenant storage and ample, covered parking for each tenant.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Cooling See Remarks

Flooring Carpet, Vinyl

Fireplace No

Exterior

Garage Covered

Utilities Available Sewer Not Available

Roof Type Shingle

Parking Type Covered

Building

Sewer None

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California Regional MLS (CRMLS)
Listed by Monjid Aldiyyat • Berkshire Hathaway Home Svcs
Bought with Yoana Taseva • Keller Williams Realty
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