Sold

1636 Clayton Road

Concord CA, 94520

$2,587,500


$451.73 per sqft

Sold

5,728 sqft

Multi-family

Built in 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.

41006517

MLS ID

August 25, 2022

Listed

May 9, 2024

Updated

Map

1636 Clayton Road
Concord CA, 94520

Interior Features

Appliances

Dryer, Washer


Floor Description

None


Fireplace

No


Cooling

Yes


Cooling Description

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


Heating

Yes


Heating Description

Multi Units

Exterior/Building Features

Lot Size

0.19 Acres


Lot Features

Regular


Sewer

None

Other Property Details

Area Name

Concord


Garage

No


Parking

Parking Lot, Space Per Unit - 1


View

No


County

Contra Costa


Water Source

None


Pool

No


Buyer Agency Compensation

2%

Listed by Eric Keena with BHHS Drysdale Properties
Listing Contact: 510-381-5434 

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