2065 Riley CtConcord, CA 94520

  • Residential income properties
  • 6,170 SF
For Sale
$3,000,000 View listing

Property Details for 2065 Riley Ct

Year built
1986
Construction
WOOD FRAME
Lot size
0.26 AC
Property size (Sq ft)
6,170 SF
Zone code
M1
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
128-200-061-9
APU
1282000619

Description

This exceptional 10-unit apartment complex in Concord, CA, presents a compelling investment opportunity. Situated on a 0.26-acre lot, the property boasts a total of 6,170 square feet of rentable space. The building comprises four generously sized two-bedroom units and six efficient one-bedroom units, all currently generating significant rental income due to consistently high occupancy. Recent upgrades include a thorough balcony inspection, ensuring the property remains well-maintained and minimizing future maintenance expenses. Each unit features individual gas, water, and electric meters, simplifying tenant billing and utility management. Residents enjoy the convenience of assigned carport parking and additional open parking spaces. The property is enhanced by a secure gated entrance, providing a safe and peaceful living environment within a welcoming community. The strong rental history and consistent cash flow make this a low-risk, high-reward investment. Further potential exists for value enhancement through the addition of a coin-operated laundry facility, catering to tenant needs and increasing revenue streams. Its prime location offers easy access to shopping centers and convenient commuting options, making it highly attractive to renters. Priced at $3,000,000, this property represents a rare chance to acquire a well-established, income-producing asset with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,650,528
    6.5%
    $2,446,641
    7%
    $2,271,881
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,732,333
    Geo Method
    $2,667,356
  • Alternative Use

    Use
    Valuation
    Residential
    $2,446,641
    Hospitality
    $2,241,110
    Educational
    $1,864,577
    Medical
    $1,928,703
    Retail
    $2,900,453
2065 Riley Ct, Concord, California

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
37.9615
Longitude
-122.041
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,593
$602,898
$1,306,286
$1,909,184
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].