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Listed by Willem Bos, DRE #02013980 • COMPASS
$ 1,295,000
Est. payment /mo
New
1973 Jacqueline WAY Concord, CA 94519
5 Beds
2 Baths
4,176 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,176 sqft
Price per Sqft $310
MLS Listing ID EB41151582
Bedrooms 5
Year Built 1968
Lot Size 8,955 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
1973 Jacqueline Way is a two-story, five-unit apartment building on a cul-de-sac in Concord, offered at $1,295,000 ($259,000 per unit, $310 per square foot). Built in 1968, the property totals 4,176 rentable square feet on an 8,955 square foot lot zoned RM. The unit mix is four 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, all currently occupied. In-place rents average $1,857 per month against pro forma market rents averaging $2,560, so market rents sit roughly 38% above current rents. The property delivers a 5.41% cap rate and 11.15 GRM on current income, rising to an 8.61% cap rate and 8.00 GRM at pro forma, making this a value-add opportunity with immediate cash flow. Gas and electric are separately metered and paid by the tenants, with water master metered and trash owner paid. Site amenities include carport parking at one space per unit, an unused garage, and on-site laundry. The location offers easy access to the freeway system and downtown Concord. Concord BART, John Muir Medical Center Concord and Todos Santos Plaza are all about 1.2 to 1.3 miles away, with Sun Valley Mall and Diablo Valley College within about 3.5 miles.
Location
State CA
County Contra Costa
Area Concord
Interior
Heating Gas
Cooling None
Flooring Tile, Carpet - Wall to Wall, Wood
Laundry Community Facility
Exterior
Exterior Feature Stucco
Garage Spaces 7.0
Others
Special Listing Condition Not Applicable
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