2180 California St
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2180 California St
6 Unit Apartment Building $2,580,000 ($430,000/Unit) 4.34% Cap Rate Concord, CA 94520
Investment Highlights
- 2180 California St is not subject to the local rent control ordinance allowing investors to boost their revenue by increasing rents.
- This 2000s vintage multifamily asset features 6 beautifully designed two-bedroom floor plans, each complimented with its own attached private garage.
- Tenants enjoy convenient access to major transportation corridors such as Interstate 680, California State Route 242, and California State Route 4.
- Investors are presented with the opportunity to increase property value through condo conversion, creating the possibility for individual ownership.
- Investors have the opportunity to acquire an exceptional 6-unit investment opportunity in the thriving city of Concord, California.
Executive Summary
2180 California St is a stunning 6-unit apartment community located in the thriving city of Concord, California.
Situated on a 9,600 square feet parcel of land, the subject property was originally constructed in 2001 and has a gross building area of approximately 6,938 square feet, offering its tenants beautifully designed large two-bedroom townhouse floor plans.
Concord, CA is the second largest city in Contra Costa County and the 8th largest city by population in the San Francisco Bay Area. The city is a major regional center on the East Bay and is located about 30 miles east of San Francisco. Concord also provides easy access to Napa Valley, Silicon Valley and Sacramento.
The subject property is centrally located and is within close proximity to many transportation corridors including Interstate 680, California State Route 242, California State Route 4, and the Concord BART Station. Tenants and residents also enjoy convenient access to many of the Bay Area’s top employers including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, Google, Apple, Meta as well as many others.
The investment appeal of this asset is driven by the Bay Area’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 2180 California St presents an attractive choice for East Bay renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Situated on a 9,600 square feet parcel of land, the subject property was originally constructed in 2001 and has a gross building area of approximately 6,938 square feet, offering its tenants beautifully designed large two-bedroom townhouse floor plans.
Concord, CA is the second largest city in Contra Costa County and the 8th largest city by population in the San Francisco Bay Area. The city is a major regional center on the East Bay and is located about 30 miles east of San Francisco. Concord also provides easy access to Napa Valley, Silicon Valley and Sacramento.
The subject property is centrally located and is within close proximity to many transportation corridors including Interstate 680, California State Route 242, California State Route 4, and the Concord BART Station. Tenants and residents also enjoy convenient access to many of the Bay Area’s top employers including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, Google, Apple, Meta as well as many others.
The investment appeal of this asset is driven by the Bay Area’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 2180 California St presents an attractive choice for East Bay renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,580,000 | Apartment Style | Low Rise |
| Price Per Unit | $430,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.34% | Building Size | 6,938 SF |
| Gross Rent Multiplier | 15.38 | No. Stories | 2 |
| No. Units | 6 | Year Built | 2001 |
| Property Type | Multifamily | Parking Ratio | 0.86/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,580,000 |
| Price Per Unit | $430,000 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 15.38 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 6,938 SF |
| No. Stories | 2 |
| Year Built | 2001 |
| Parking Ratio | 0.86/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 6 | - | 1,200 |
1 of 1
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 126-041-017-8 | Total Assessment | $2,440,778 (2024) |
| Land Assessment | $1,326,510 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,114,268 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
126-041-017-8
Land Assessment
$1,326,510 (2024)
Improvements Assessment
$1,114,268 (2024)
Total Assessment
$2,440,778 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | RH |
| RH |
-
Power Broker Adam Levin -
Power Broker Robert Johnston -
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2180 California St
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