Rare opportunity to acquire a well-maintained 36-unit multifamily gated community comprised entirely of spacious two-story townhouse-style apartments. All units feature a desirable 2-bedroom/1.5-bathroom floor plan with central forced heating, air conditioning, assigned on-site parking, and functional layouts that continue to attract long-term tenants. Situated on approximately 1.50 acres, the property consists of five (5) residential buildings, an on-site leasing/manager's office, swimming pool, 34-covered carport spaces, and 20 uncovered parking spaces. Significant recent capital improvements include Newer Roofs on all main buildings (2019), New Siemens Electrical Sub-panels installed throughout all 36-units (2025), with New Parking Lot Asphalt and Carport Roofs scheduled for completion in late summer, 2026. -- The property offers investors an attractive combination of stable in-place income and long-term upside within the strong Contra Costa County rental market. An exceptional opportunity to acquire a pride-of-ownership asset featuring large townhouse-style units, extensive recent improvements, and excellent long-term investment fundamentals.
| MLS # | ML82056055 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 90 |
| Listing Provided By | Compass | Nate Gustavson |
| SQ Feet | 38,880 |
|---|---|
| Car Port | Yes |
| Building(s) | 5 |
| Zoning | CMX Commercial Mixed-Use |
| Acreage | 1.50 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Central, Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Composition, Shingle |
|---|---|
| Security Features | Security Lights |
| Property | 110230 |
|---|
| State | CA |
|---|---|
| County | Contra Costa |
| City | Concord |
| Zip Code | 94519 |
| Area | 699 Not Defined |
| Listing VS Median (in 94519) | |
Price: $10,000,000 low | high Med: $700,000 sqft: 38,880 low | high Med: 1,760 $ / sqft: $257 low | high Med: $398 On site: 90 low | high Med: 44.5 | |
| State | CA |
|---|---|
| County | Contra Costa |
| City | Concord |
| Zip Code | 94519 |
| Area | 699 Not Defined |
| Listing VS Median (in 94519) | |
Price: $10,000,000 low | high Med: $700,000 sqft: 38,880 low | high Med: 1,760 $ / sqft: $257 low | high Med: $398 On site: 90 low | high Med: 44.5 | |