Fremont St, Concord, CA 94520

Located in Downtown Concord, the property at Fremont Street features a fully occupied 16-unit apartment building, presenting a rare investment opportunity. Constructed in 1978, the property includes two separate buildings situated on two parcels, totaling 7,852 square feet on a 0.57-acre lot. The unit mix consists of eight studio units and eight one-bedroom, one-bath units. The property is secured by perimeter fencing and includes 16 covered and 6 uncovered off-street parking spaces, as well as private patios and balconies, all within a drought-resistant landscape. Each unit is individually metered for gas and electric. The property benefits from in-place rental income, with potential for increased revenue through unit turnover and renovation, as well as annual rental rate increases. The location is highly desirable, with a "Walker's Paradise" walk score, and is located within an opportunity zone. Todos Santos Plaza, Concord BART, and downtown Concord shopping, dining, and entertainment options are all within 1 mile. Most of the units have undergone extensive renovations in the last four years. The parking lot was repaired and resealed in 2023/2024. New wood fencing was installed on both sides of the 2170 building in 2023, and the flat asphalt shingle portion of the roof was replaced in 2023.