1813 Robin Ln, Concord, CA 94520

Property Description

Drive by only. Do Not Disturb Tenants. 1813 Robin Lane presents an excellent opportunity for an investor to purchase a fully occupied nine-unit apartment building in the city of Concord. Built-in 1970, the property consists of three buildings; two fourplexes and a single family home on a 22,216 square foot lot. The combined square footage of all three buildings is 6,994 square feet and includes 9 covered off-street parking spaces and 3 uncovered parking spaces. The property consists of eight (8) 2 bedroom/ 1 bathroom units and the 3 bedroom/1.5 bathroom house which are all individually metered for gas and electricity. Current ownership has recently implemented rent increases across all units that took effect on 12/01/2022, and represents an 8.9% increase in additional income compared to current rents. The property also collects ancillary income with onsite laundry facilities and parking. In all, this opportunity will provide a new investor with day one cash flow, additional upside with recent and future rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay. Property is 2 miles to Concord Bart Station and Todos Santos Plaza.