Multifamily Property with
New
For Sale
$1,379,000
2011 Sierra Rd, Concord, CA 94518
Four units across 4,464 square feet, with central air, forced-air heating, and a gas water heater.
Property Size4,464 SF
Price / SF$308.92
Days on Market3
Property Features for 2011 Sierra Rd
General Information
Standard status
Active
Size
4,464 SF
Total Parking Spaces
4
Property subtype
Residential Income
Amenities
Central Air
Forced Air
Gas Water Heater
Guest, Off Street
Building Details
Building Size
4,464 SF
Year Built
1970
Listing Agency:
United Apartment Group
Listed By:
Theodore Booras · License #01147469
(925) 322-1474
Source:
Evrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 9:28PM
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 United Apartment Group
Investment Insights
Based on property information with market context.
This multifamily property in Concord contains 4,464 square feet and was built in 1970. Interior features include central air, forced-air heating, and a gas water heater. Parking options include guest and off-street spaces, along with a carport.
The property is located on Sierra Road, with directions from Oak Grove.
The property is located on Sierra Road, with directions from Oak Grove.
Key Highlights
- 4,464 square feet
- Built in 1970
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,813
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,260
$1.4M
Cap Rate 7%
$1,011,614
$1.0M
Cap Rate 9%
$786,811
$786.8K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$135.5K $30.36/SF
− Vacancy
−$6.8K −$1.52/SF
EGI
$128.8K $28.84/SF
− OpEx
−$57.9K −$12.98/SF
NOI
$70.8K $15.86/SF
Area
Concord, CA
Vacancy
5.00%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,260
Cap Rate 7%
$1,011,614
Cap Rate 9%
$786,811
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.2K – $1.18M
NOI $70,813 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.09M
$955.4K – $1.27M
NOI $76,428 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four units across 4,464 square feet, with central air, forced-air heating, and a gas water heater.
Where is this multifamily property located?
The property is located at 2011 Sierra Rd Concord, CA.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: 4,464 square feet; Built in 1970; Central air and forced‑air heating
