1636 Clayton Road

Concord, CA, 94520

$2,587,500

$451 per ft²
$2,587,500
$451 per ft²
Sold
Sold
carpenters-square
5,728 ft²
property_type
Commercial
calendar
Built 1961
Drive by only. Do not disturb tenants. 1636 Clayton Road presents an excellent opportunity for an investor to purchase a turnkey eight-unit apartment building with immediate day one cash flow. Built in 1961, the 5,728 square foot building sits on a 8,256 square foot lot with uncovered off-street parking spaces. The property consists of one well maintained 1 bedroom/ 1 bathroom unit and seven (7) 2 bedroom/ 1 bathroom units which are all individually metered for gas and electric. Six of the eight units are occupied by long term Section 8 tenants; providing consistent, recession/pandemic proof income. One unit is currently vacant and ready to rent. Additional income from laundry facilities and low operating expenses. Current ownership has completed significant capital improvements over the last few years including roof replacement, new water heater, and new laundry equipment.
MLS® ID:
41006517
Listed:
8/24/22
Updated:
12/3/22
Sotheby's International Realty
Ann Newton Cane

Interior Features

Kitchen Appliances
Dryer, Washer
Total Bedrooms
0
Total Bathrooms
0
Floor Description
None
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Heating
Multi Units

Exterior/Building Features

Lot Size
8,256 ft² lot
Lot Details
Regular
Roof
None

Other Property Details

Area Name
Concord
Garage
No
Parking
Parking Lot, Space Per Unit - 1
View
N
County
Contra Costa
Pool
No

Property History

Date
Event
Price
Value
10/25/22
Sold
-
-
10/25/22
Price Change
$2,587,500
-4%
10/15/22
Pending
-
-

Courtesy of BHHS Drysdale Properties, Eric Keena,
Listing Contact:  

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Sotheby's International Realty
Ann Newton Cane
Contact