Gated Apartment
For Sale
$10,000,000
3066 Willow Pass Road, Concord, CA 94519
Townhouse-style residences include central HVAC, assigned parking, and two-story layouts.
Property Size38,880 SF
Price / SF$257.20
Days on Market70
Property Features for 3066 Willow Pass Road
General Information
Standard status
Active
Size
38,880 SF
Total Parking Spaces
20
Property subtype
Residential Income
Zoning
CMX Commercial Mixed-Use Multifamily
Taxes and HOA fees
Annual Taxes
$110,230
Amenities
Pool, Gated, Coin Laundry
Wall/Window Unit(s)
Central, Forced Air
Dishwasher, Refrigerator, Oven, Range, Electric Range
Carport, Assigned, Guest
Building Details
Building Size
38,880 SF
Year Built
1963
Buildings
5
Listing Agency:
Compass
Listed By:
Nate Gustavson · License #01898316
(415) 786-9410
Source:
Evrealestate
Added: Jul 30
Changed: Oct 4
Last Checked: Oct 5 at 6:26PM
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 Compass
Investment Insights
Based on property information with market context.
This multifamily property includes 36 two-story townhouse-style apartments, each configured with 2 bedrooms and 1.5 bathrooms. The units feature central forced heating and air conditioning, assigned parking, and practical layouts. The gated community spans approximately 1.50 acres and includes five residential buildings, an on-site leasing and manager’s office, a swimming pool, 34 covered carport spaces, and 20 uncovered parking spaces.
Capital improvements include roof replacements on all main buildings in 2019 and Siemens electrical sub-panels installed throughout all 36 units in 2025. New parking lot asphalt and carport roofs are scheduled for completion in late summer 2026. The property is located at 3066 Willow Pass Road in Concord, California, within Contra Costa County.
Capital improvements include roof replacements on all main buildings in 2019 and Siemens electrical sub-panels installed throughout all 36 units in 2025. New parking lot asphalt and carport roofs are scheduled for completion in late summer 2026. The property is located at 3066 Willow Pass Road in Concord, California, within Contra Costa County.
Key Highlights
- 36‑unit gated multifamily community on approximately 1.50 acres
- All units offer a 2‑bedroom/1.5‑bathroom floor plan
- Five residential buildings plus an on‑site leasing/manager's office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$616,757
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,335,140
$12.3M
Cap Rate 7%
$8,810,814
$8.8M
Cap Rate 9%
$6,852,856
$6.9M
Market Conditions
NOI Build-Up for 38,880 SF
Gross rent
$1.18M $30.36/SF
− Vacancy
−$59.0K −$1.52/SF
EGI
$1.12M $28.84/SF
− OpEx
−$504.6K −$12.98/SF
NOI
$616.8K $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%
$12,335,140
Cap Rate 7%
$8,810,814
Cap Rate 9%
$6,852,856
Alternative Uses
Best Use
Apartment 5plus
$8.81M
$7.71M – $10.28M
NOI $616,757 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.51M
$8.32M – $11.09M
NOI $665,660 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 94519, CA
18,677
Population
7,427
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
4,150
Density / Sq Mi
$123,366
Median Household Income
$58,873
Median Earnings
$2,340
Median Rent
$727,600
Median Home Value
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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?
Apartment building - Townhouse-style residences include central HVAC, assigned parking, and two-story layouts.
Where is this apartment building located?
The property is located at 3066 Willow Pass Road Concord, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 36‑unit gated multifamily community on approximately 1.50 acres; All units offer a 2‑bedroom/1.5‑bathroom floor plan; Five residential buildings plus an on‑site leasing/manager's office
