Chestnut Ave Concord, CA 94519
3515 Chestnut Ave is situated on an expansive 0.83-acre lot, this well-maintained property consists of three separate buildings encompassing a total of 20 spacious rental units. The asset offers a highly desirable mix of units, including one three-bedroom, one-and-a-half-bath unit; one two-bedroom, one-and-a-half-bath unit; and eighteen large two-bedroom, one-bath units. (16) of the (20) residences have been extensively renovated with new cabinets and countertops, updated vanities, and luxury plank vinyl (LPV) flooring. Every unit comes equipped with dishwashers, garbage disposals, and air conditioning, and each includes its own private outdoor patio or balcony. Assumable financing is available at 5.40% until 2029 Altogether, the property provides 18,050 square feet of living space, surrounded by landscaping and a serene atmosphere. At the heart of the community is a tranquil swimming pool. Additional amenities include a covered patio, a common area, and an on-site laundry facility with 4 owned washers and dryers. Parking is abundant, offering one covered space per unit along with eight additional rentable spaces. The community is securely enclosed by an iron gate with keyless entry access. Management fee includes property management plus on-site manager credit of $1,400/month
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.