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Property profile & analytics
FOR SALE
Apartment buildings

Chestnut Ave Concord, CA 94519

18,050 SF Built 1970
Property ID
US09-5054951
Chestnut Ave, Concord, CA 94519 For Sale
$6,005,000 18,050 SF
Chestnut Ave, Concord, CA 94519
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Property summary
AI-generated overview

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

Property profile
Verified
Property type Apartment buildings
Year built 1970
Total area 18,050 SF
UPID US09-5054951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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