Active

3412 Willow Pass Rd

Concord CA, 94519

$5,650,000


$291.30 per sqft

Active

19,396 sqft

Multi-family

Built in 1965

The property features a rare unit mix of eight 3-bedroom 2-bathroom and twelve 2-bedroom 1-bathroom units. Each unit is equipped with wall AC, gas wall furnace, refrigerator, freezer, electric oven/range, dishwasher, dual pane vinyl windows, exterior patio or balcony, and is individually metered for both gas and electricity. The property amenities include a pool, onsite digital laundry room, management office, 20 covered and 9 open parking spaces. The Palm Court is an ideal project for investors with a value-add strategy. Updated and turned 2-bedroom and 3-bedroom units, previously leased at the property, rent at premium of more than $535 and $640 respectively over the average for the non-renovated or turned units. Currently only 30% of the units have been turned or updated offering investors the opportunity to dramatically increase revenues and increase property value by continuing a property improvement program.

41043267

MLS ID

October 30, 2023

Listed

February 15, 2024

Updated

Map

3412 Willow Pass Rd
Concord CA, 94519

Interior Features

Appliances

Dryer, Washer, Gas Water Heater


Laundry Description

Community Facility, Laundry Equip - Leased


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.75 Acres


Lot Features

Level, Regular


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

Concord


Garage

No


Parking

Carports - 2 Or More, Covered, Parking Lot, Assigned, Uncovered Parking Space


View

No


County

Contra Costa


Water Source

Public


Pool

No


Buyer Agency Compensation

1%

Listed by Ethan Berger with NAI Northern California
Listing Contact: 925-588-9740 

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