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Multifamily

3480 Willow Pass Rd

3480 Willow Pass Rd, Concord, CA 94519

Listing Price: $1,475,000

Cap Rate
5.80%
Number of Units
6
GRM
9.82
Occupancy
100.0%
Price/Unit
$245,833
Price/Gross SF
$303.50
Gross SF
4,860

Investment Overview

3480 Willow Pass Road offers investors a clean well maintained, cash flow positive, six-unit multifamily property located in the City of Concord within Contra Costa County. The property’s central location allows tenants convenient access to major Bay Area employment centers, including Downtown Concord, Walnut Creek, Oakland, San Francisco, and Sacramento. The property is situated on the major thoroughfare of Willow Pass Road, directly across from the rolling hills and preserved open space of the East Bay Regional Park District, with land permanently protected following its transfer from the federal government for open space preservation.

Constructed in 1969, the property consists of a two-story wood frame and stucco structure with a mansard style flat roof, and totaling living area of 4,860 square feet. The property floorplans consist of six two-bedroom, one-bathroom units, with superior oversized unit layouts each containing approximately 800 square feet. The five of the six units have been highly renovated upon turnover and the property benefits from many improvements by the current ownership including double-paned windows, new roof, and newer paint. Units are individually metered for gas and electricity and the property has nine on site parking spaces located behind the building, with potential to restripe for additional parking.

The property provides direct access to public transportation via. bus service located approximately a four-minute walk from the property and provides service to BART (Bay Area Rapid Transit) in ten minutes or a short drive to the Concord BART station.

The property’s smaller scale configuration positions it well for owner operators, private investors, and long-term holders seeking a well maintained, renovated, cash flow property, with stable expenses.

Investment Highlights

  • Six two-bed one-bath units.
  • Convenient to transportation services and major cities.
  • Units are individually metered for gas and electricity.
  • Six covered parking spaces and three open spaces.
  • Complex provides convenient access to nearby major employment hubs in the Bay Area.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

Multifamily

3480 Willow Pass Rd

Listing Price: $1,475,000

Cap Rate
5.80%
Number of Units
6
GRM
9.82
Occupancy
100.0%
Price/Unit
$245,833
Price/Gross SF
$303.50
Gross SF
4,860

Investment Highlights

  • Six two-bed one-bath units.
  • Convenient to transportation services and major cities.
  • Units are individually metered for gas and electricity.
  • Six covered parking spaces and three open spaces.
  • Complex provides convenient access to nearby major employment hubs in the Bay Area.

Investment Overview

3480 Willow Pass Road offers investors a clean well maintained, cash flow positive, six-unit multifamily property located in the City of Concord within Contra Costa County. The property’s central location allows tenants convenient access to major Bay Area employment centers, including Downtown Concord, Walnut Creek, Oakland, San Francisco, and Sacramento. The property is situated on the major thoroughfare of Willow Pass Road, directly across from the rolling hills and preserved open space of the East Bay Regional Park District, with land permanently protected following its transfer from the federal government for open space preservation. Constructed in 1969, the property consists of a two-story wood frame and stucco structure with a mansard style flat roof, and totaling living area of 4,860 square feet. The property floorplans consist of six two-bedroom, one-bathroom units, with superior oversized unit layouts each containing approximately 800 square feet. The five of the six units have been highly renovated upon turnover and the property benefits from many improvements by the current ownership including double-paned windows, new roof, and newer paint. Units are individually metered for gas and electricity and the property has nine on site parking spaces located behind the building, with potential to restripe for additional parking. The property provides direct access to public transportation via. bus service located approximately a four-minute walk from the property and provides service to BART (Bay Area Rapid Transit) in ten minutes or a short drive to the Concord BART station. The property’s smaller scale configuration positions it well for owner operators, private investors, and long-term holders seeking a well maintained, renovated, cash flow property, with stable expenses.

Exclusively Listed By

  • Jon A. Holmquist

    Senior Managing Director Investments

    (415) 625-2117

    Email Jon

    License(s): CA: 01257479

    San Francisco

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