1880 Robin Ln, Concord, CA 94520

8 Unit Apartment Building | $2,100,000 ($262,500/Unit) | 5.66% Cap Rate | Concord, CA 94520

Asking Price $2,100,000

Property Type: Multifamily
Square Feet: 5,180 SF

Listing Contacts

Ethan Berger

Verified Profile

Marco McMullen

Verified Profile

Property Info

Property Overview

Berger & Associates of NAI Northern California is please to offer 1880 Robin Ln. This opportunity features many of the key elements of income producing property most sought after by investors; excellent physical condition, favorable unit mix, limited operational expenses, solid in place income with immediate income growth potential, and high demand location offering excellent access to transportation, employment, shopping, dining, and entertainment.
The property consists of a total of 8 units, six 2-bedroom 1-bathroom and two 1-bedroom 1-bathroom units fully occupied at near market rents. The ownership has been diligent in their maintenance and updates to the property replacing all of the windows with dual pane vinyl windows, all of the flooring in the units with either tile or vinyl, all of the wall furnaces and recently replacing the water heater. All units feature gas oven/range, refrigerator/freezer, gas wall furnace, wall AC units, hard surface flooring, shower tub combo and come with 1 assigned parking space. Additionally select units have been updated with shaker wood kitchen cabinetry, new appliances, and feature either enclosed patio or balcony and all residents have access to the coin operated laundry facilities.

Property Details

Class: C
Year Built: 1961
Stories: 2
Lot Size (sq. ft): 8,276 SF
Units: 8

Highlights

Stabilized preforming property - solid operating history limited gaps in income.
Well Maintained - The ownership has meticulously maintained the property not deferring any maintenance.
Low operating expenses - easily maintained exterior and grounds.
Desirable unit mix - Six 2-bedroom 1-bathroom and Two 1-bedroom 1-bathroom units.
Desirable rental location - easy access to BART and freeways, employment centers, shopping, dining and entertainment.

Nearby Properties

$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details
$1,150,000

5,484 SF | 100% Leased | Industrial Building | North Charleston, SC 29406 | $1,150,000 ($210/SF) | 1% Cap Rate

5639 Pullman Ave
North Charleston, SC 29406

View Details
40,000 SF | Industrial Building | Dahlonega, GA 30533 | For Sale

00 Lumpkin County Pkwy
Dahlonega, GA 30533

View Details
University Crossing Office Building

6,926 SF Office Condo Unit in Dayton, OH 45417

1435 Cincinnati St
Dayton, OH 45417

View Details
Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details

Similar Properties

$2,100,000

S.E.L. Foreign Auto Repair

5,480 SF | Retail Building | Bourne, MA 02532 | $2,100,000 ($383/SF)

7 Colonel Dr
Bourne, MA 02532

View Details
$2,100,000

1,500 SF | Retail Building | Wareham, MA 02571 | $2,100,000 ($1,400/SF)

179 Sandwich Rd
Wareham, MA 02571

View Details
$2,100,000

3,340 SF | Retail Building | San Francisco, CA 94122 | $2,100,000 ($629/SF)

1330 9Th Ave
San Francisco, CA 94122

View Details
$2,100,000

5,880 SF | Vacant | Office Building | Sachse, TX 75048 | $2,100,000 ($357/SF)

7214 Highway 78
Sachse, TX 75048

View Details
$2,100,000

22,717 SF | 68% Leased | Retail Building | Apopka, FL 32703 | $2,100,000 ($92/SF)

40-60 5Th St
Apopka, FL 32703

View Details
$2,100,000

SVDP Thrift Store

11,011 SF | Retail Building | Castle Shannon, PA 15234 | $2,100,000 ($191/SF)

3423 Library Rd
Castle Shannon, PA 15234

View Details
$2,100,000

Grace Business Center

24,062 SF | 60% Leased | Office Building | Tulsa, OK 74136 | $2,100,000 ($87/SF) | 6.75% Cap Rate

6218 Lewis Ave
Tulsa, OK 74136

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].