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Key Details
Sold Price $1,298,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Clayton Valley
MLS Listing ID 41031683
Sold Date 08/18/23
HOA Y/N No
Year Built 1970
Lot Size 7,840 Sqft
Property Description
At more than 3,500 square feet, Concord's 1917 Clayton Way is a four-unit (3, 2BR/1BA + 1, 3BR/1.5BA) multifamily that's a turnkey cash-generator. All units are currently rented to strong, stable tenants driving $8,000 in gross monthly rent. However, the property's incredible location (near downtown, entertainment venues, parks, BART, and more), mean cash flow could be 30% stronger if the rents are adjusted to the current market ($10,400/month gross). This property is less than five minutes by car to downtown, Todos Santos Plaza, Pixieland Amusement Park, Willow Pass Community Park, Concord Medical Center, and numerous retailers such as Dollar Tree, Safeway, 99 Ranch Market, and Grocery Outlet. Additional points of note regarding 1917 Clayton Way include its onsite parking and laundry facilities which contributes to the building's privacy despite being a corner lot.
Location
State CA
County Contra Costa
Zoning CMX
Interior
Heating Gravity, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile, Vinyl
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Parking Features Covered, Carport, On Street
Total Parking Spaces 5
Building
Lot Description Back Yard, Front Yard, Yard
Sewer Public Sewer
Others
Tax ID 1144430012
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Bought with Sam Chiu • Berkshire Hathaway Home Services