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32-Unit Apartment Building
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1050 Oak Grove Rd, Concord, CA 94518

Oak Grove Apartments is a 32-unit multifamily property with in-unit amenities, patios or balconies, and on-site laundry.

Property Size24,553 SF
Lot Size1.31 Acres
Days on Market120

Property Features for 1050 Oak Grove Rd

General Information

Standard status Active
Size 24,553 SF
Lot size 1.31 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 32

Building Details

Year Built 1971
Tenancy Multi
Listing Agency: Cushman & Wakefield - San Francisco, California
Listed By: Zachary Greenwood · License #CA 01960296
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Francisco, California

Investment Insights

Based on property information with market context.

Oak Grove Apartments is a 32-unit multifamily investment property built in 1971. The unit mix includes 1 studio, 16 one-bedroom, one-bath units, 14 two-bedroom, one-bath units, and 1 two-bedroom, two-bath unit. Apartments feature in-unit amenities such as dishwashers, air conditioning, large walk-in closets, gas wall furnaces for heat, ceiling fans, and private patios or balconies. Community amenities include a swimming pool, on-site laundry, and an on-site manager and maintenance, along with covered carport parking for each unit and additional surface parking for guests.

The property is located at 1050 Oak Grove Rd in Concord, CA, on a large lot. The building is approximately 2.5 blocks from 3 County Connection bus lines serving the Concord BART Station, and it also provides convenient access to I-680 and CA-24.

The site’s lot size supports a potential value-add opportunity to add further community amenities or build detached accessory dwelling units to increase the total unit count at the property.

Key Highlights

  • 32‑unit multifamily investment property in Concord, CA built in 1971
  • Unit mix: 1 studio, 16 one‑bed/one‑bath, 14 two‑bed/one‑bath, plus 1 two‑bed/two‑bath
  • Approx. 24,553 SF building on a 157,064 SF lot

Property Analytics

Current Use

Oak Grove Apartments Apartment Building

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Computer & Electronic Repair Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,073
Businesses Nearby

Demographics for 94518, CA

27,209
Population
10,361
Households
2.6
Avg Household Size
42
Median Age
44%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
4,947
Density / Sq Mi
$111,406
Median Household Income
$56,960
Median Earnings
$2,290
Median Rent
$826,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Oak Grove Apartments is a 32-unit multifamily property with in-unit amenities, patios or balconies, and on-site laundry.
Where is this apartment building located?
The property is located at 1050 Oak Grove Rd Concord, CA.
What are key features of this property?
This property features: 32‑unit multifamily investment property in Concord, CA built in 1971; Unit mix: 1 studio, 16 one‑bed/one‑bath, 14 two‑bed/one‑bath, plus 1 two‑bed/two‑bath; Approx. 24,553 SF building on a 157,064 SF lot
More about this property
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