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Listed by Eric Keena • BHHS Drysdale Properties
$3,824,000
Est. payment /mo
7,852 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,852 sqft
Price per Sqft $487
MLS Listing ID 41104577
HOA Y/N No
Year Built 1978
Lot Size 0.570 Acres
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
2170 2180 Fremont Street presents a rare opportunity for an investor to purchase a turn-key fully occupied 16 unit apartment building located in Downtown Concord. Built in 1978, the property comprises two separate buildings on two separate parcels, with a combined square footage of 7,852 square feet on a 0.57 acre lot. The unit mix consists of eight Studio units and eight-1 bedroom/ 1 bath units. Additionally, the property features secured access perimeter fencing, 16 covered and 6 uncovered off street parking spaces, and private patios/balconies all on a drought resistant landscape. All units are individually metered for gas and electric. Fantastic in-place rental income with additional upside through unit turnover/renovation, and annual rental rate increases. Highly desirable location just minutes to Downtown Concord. “Walkers Paradise” walk score. Todos Santos Plaza, Concord BART, and downtown Concord shopping/dining/entertainment all within 1 mile. Located within an opportunity zone. Most of the units have had extensive renovations over the last 4 years. The parking lot was repaired and resealed in 2023/2024, new wood fencing installed on both sides of the 2170 building in 2023, and the flat asphalt shingle portion of the roof was replaced in 2023.
Location
State CA
County Contra Costa
Interior
Heating MultiUnits
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet, Wood
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Landscaped, Paved, Security Gate
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Sammy Shrimali
Broker Associate | License ID: 01009299
Broker Associate License ID: 01009299