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Listed by Theodore Booras • United Apartment Group
$ 3,550,000
Est. payment /mo
Active
1506 Garcez Dr Concord, CA 94521
9,548 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,548 sqft
Price per Sqft $371
Subdivision Clayton V.Hilnds
MLS Listing ID 41113179
HOA Y/N No
Year Built 1960
Lot Size 0.298 Acres
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
1506 Garcez offers a prime investment opportunity with a turnkey, fully occupied 12-unit apartment building located in the heart of Concord. Built in 1960, the two-story wood-frame structure features stucco siding with wood trim and sits on a 12,990-squarefoot lot. The building spans 9,548 square feet and includes 12 covered and 4 uncovered off-street parking spaces. Additional income is generated through on-site laundry facilities and a utility reimbursement program, with 8 of the 12 tenants contributing an extra $100 per month to offset water and garbage expenses. The property also features CCTV security cameras and a manager's storage shed. Major capital improvements include updated flooring, kitchens, bathrooms, and new appliances. Exterior enhancements feature double-pane windows, fresh paint, and a 30-year foam roof installed within the last 3 years. Hydro Jetting Drain System, Water Saving Recirculating Pump for instant hot water, new water heater, wall furnaces and patio doors.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Hardwood, Partial Carpeting
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Common Area
Building
Lot Description Other
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