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SOLD 4/30/2021

1469 Marclair Dr, Concord, CA 94521

--
bed
--
bath
· 6060
ft2 lot

$1,400,000

Listing provided courtesy of Listing Broker: Monjid Aldiyyat, BERKSHIRE HATHAWAY HOME SVCS
Source CRMLS;
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This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of four 2bd/1bth units of almost 800 sqft. Each unit has tremendous rental upside which will allow the new owner to take advantage of Concord's fast growing rental market. Nearby renovated apartments in this area rent for as much as $2,300. The property has been well managed, which has increased the tenant profile, and made significant upgrades throughout the property. The property has a history to little or no vacancies and currently (3) units are occupied and (1) unit is being rented with Airbnb achieving rents as high as $3,300 a month. The property is separate for PG&E and there is a room to add onsite laundry which adds additional income each month. There is extra tenant storage and ample, covered parking for each tenant.

HOA

$—/month

On market

22 days

Year built

1962

Property type

Multi-Family

Parking

MLS

40940074

Price / Sq.Ft.

ft2

Status

Closed

Home details for 1469 Marclair Dr

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: See Remarks
Flooring
•   
Flooring: Carpet, Vinyl
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
Lot Info
•   
Lot Size Acres: 0.1300
•   
Lot Size Area: 6060.0000
•   
Lot Size Units: Square Feet
Building Info
•   
Roof: Shingle
•   
Construction Materials: Stucco, Wood Siding
Community Info
•   
Total Units: 4
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 94080.00
•   
Other Expense: 0.00
•   
Insurance Expense: 1267.00
•   
Professional Management Expense: 0.00
•   
Gross Scheduled Income: 94080.00
•   
Operating Expense: 8660.00
Lease Info
•   
Net Operating Income: 67203.00
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 12801.0
Listing Info
•   
Status: Closed
School Neighborhood & Directions
School Info
•   
Directions: Of Clayton Rd Cross Street: Clayton Rd.
Other
Calculation
•   
Dom: 23
•   
Cdom: 23

Neighborhood snapshot

51
Properties for sale
7
Median days on market
$467.50
Median sold price/sqft
107.69%
Sold/List %
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Property History for 1469 Marclair Dr

04/30/2021
04/30/2021
Public Record
sold
Public Record
$1,400,000
--6.67%
04/30/2021
04/30/2021
CRMLS #40940074
sold
CRMLS #40940074
$1,500,000
03/27/2021
03/27/2021
CRMLS #40940074
pending
CRMLS #40940074
$1,500,000
03/04/2021
03/04/2021
CRMLS #40940074
active
CRMLS #40940074
$1,500,000
03/04/2021
03/04/2021
EBRD/CCAR/Bay East #40940074
active
EBRD/CCAR/Bay East #40940074
$1,500,000
+115.83%
See more property history

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