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1625 6th Street, Concord, CA

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1625 6th Street

Concord, CA 94519 - Outer Concord/Pleasant Hill MF Submarket

Property Type:Multi-Family Number of Units:25 Status:Existing Year Built:1971
Stories:2 Building Size:26,620 SF Land Area:1.04 AC (45,302 SF)
For Sale Price:$4,500,000 Price/Unit:$180,000.00 Cap Rate:- GRM:14.40

Parking:3.01 Parking Spaces / 1,000 SF

Sale Notes:
The subject property is located on the corner of Sixth Street and Clayton Road in Concord, CA right next to the white office complex facing Clayton Road. The area features good schools, plenty of off-street parking and is in close proximity to several parks and recreational facilities, which is attractive to families and young professionals alike.

This investment property is very attractive to a buyer acquire because it is in a good location with a strong rental market. Possibilities exist to upgrade the units and to increase the income.

Also, because of the lack of housing in the area, a developer/investor might consider this project as a future condo conversion development because the lack of developable land, good demographics, and the diverse economic base of the area.

Intero Real Estate Services
Michael L Orlando
(408) 440-5069

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