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Listed by Richard Martini • Colliers International
$ 3,770,000
Est. payment | /mo
7,896 SqFt
$ 3,770,000
Est. payment | /mo
7,896 SqFt
Key Details
Property Type Commercial
Sub Type Apt Complex
Listing Status Active
Purchase Type For Sale
Square Footage 7,896 sqft
Price per Sqft $477
Subdivision Concord
MLS Listing ID 41115398
HOA Y/N No
Year Built 1961
Lot Size 0.316 Acres
Property Sub-Type Apt Complex
Source BAY EAST
Property Description
The Gardens is a 14-unit apartment property that incl. thirteen, 1 bed/1 bath units and one, studio unit. Over $427k in capital improvements completed. All unit interiors substantially renovated, incl. granite/quartz countertops, shaker style kitchen cabinets, laminate flooring, updated bath vanities, tile shower/tub surrounds and new lighting throughout. Over $11,000 in additional income from utility reimbursement (RUBS). In place one-bedroom rents average $1,889/month. Short 13-minute walk to BART. Fantastic downtown location with a 98 Walk Score very close to Todos Santos Plaza. A turn-key asset with rents at, or near market. Perfect 1031 exchange property. Assumable fixed rate loan possible at 3.36% through 11/28.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplace No
Window Features Window Coverings
Appliance Disposal, Free-Standing Range, Refrigerator
Laundry Coin Operated, Laundry Room
Exterior
Handicap Access Other
Building
Lot Description Rectangular Lot
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227