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+16617472581
Legacy Real Estate Inc
1973 Jacqueline Way, Concord, CA 94519
- $1,295,000
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
- List Price
- $1,295,000
- MLS#
- EB41151582
- Status
- ACTIVE
- Lot Size
- 8,955
- Listing Area
- Concord
- Year Built
- 1968
Property Description
1973 Jacqueline Way is a two-story, five-unit apartment building on a cul-de-sac in Concord, offered at $1,295,000 ($259,000 per unit, $310 per square foot). Built in 1968, the property totals 4,176 rentable square feet on an 8,955 square foot lot zoned RM. The unit mix is four 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, all currently occupied. In-place rents average $1,857 per month against pro forma market rents averaging $2,560, so market rents sit roughly 38% above current rents. The property delivers a 5.41% cap rate and 11.15 GRM on current income, rising to an 8.61% cap rate and 8.00 GRM at pro forma, making this a value-add opportunity with immediate cash flow. Gas and electric are separately metered and paid by the tenants, with water master metered and trash owner paid. Site amenities include carport parking at one space per unit, an unused garage, and on-site laundry. The location offers easy access to the freeway system and downtown Concord. Concord BART, John Muir Medical Center Concord and Todos Santos Plaza are all about 1.2 to 1.3 miles away, with Sun Valley Mall and Diablo Valley College within about 3.5 miles.
Additional Information
- Acres
- 0.21
- Amenities
- Other
- Cooling System
- None
- Exterior Features
- Stucco
- Floor Covering
- Tile, Carpet - Wall to Wall, Wood
- Heating System
- Gas
- Laundry Facilities
- Community Facility
- Lot Size
- 8,955
- Neighborhood
- Concord
- Numberof Units
- 5
- Unincorporated Yn
- Yes
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Legacy Real Estate Inc are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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