1486 Marclair Dr, Concord, CA 94521
1486 Marclair Dr, Concord, CA 94521
1486 Marclair Dr, Concord, CA 94521
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$1,080,000
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8 Beds
3,168 SqFt
Active

1486 Marclair Dr Concord, CA 94521

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,168 sqft

Price per Sqft $340

Subdivision Clayton Valley

MLS Listing ID 41132420

Bedrooms 8

HOA Y/N No

Year Built 1962

Lot Size 5,678 Sqft

Acres 0.13

Property Sub-Type Quadruplex

Property Description

Presenting a rare opportunity to acquire a stabilized, high-performing residential income property in one of Concord's most sought-after rental corridors. This well-maintained two-story 4-plex consists of four spacious 2-bedroom, 1-bathroom units, offering a functional and consistently in-demand unit mix that appeals to a wide range of long-term tenants. The property is currently occupied by reliable, long-term tenants with a proven history of on-time rent payments and meticulous care of the premises. The building is partially remodeled and it reduces immediate capital expenditure requirements and enhance tenant retention. This property is a true "cash cow" for the discerning investor. The current Cap Rate between 4.5%-5%. The asset provides immediate, reliable cash flow from day one.

Location

State CA

County Contra Costa

Rooms

Basement None

Interior

Interior Features Storage

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Vinyl, Carpet

Fireplace No

Window Features Screens

Appliance Gas Water Heater

Exterior

Exterior Feature Front Yard

Total Parking Spaces 9

Building

Lot Description Level, Paved

Sewer Public Sewer

Water Meter on Site, Water District

New Construction No

Others

Tax ID 1331600302


Bridge MLS
Listed by Raymond Wu • Goodview Financial & R.E.

NEARBY SCHOOL & BUSINESS

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Ian Stapp

Ian Stapp

Agent | CA DRE#02177046

+1(209) 765-4712

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1486 Marclair Dr