1971 Bonifacio St 3, Concord, California 94520, Concord, 94520 - 2 bed, 1 bath
ACTIVE$295,900$752/sqft
1971 Bonifacio St 3, Concord, California 94520
2Beds
1Bath
752Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property is currently rented to a long-term tenant at $2,350 per month, providing immediate and stable cash flow for an investor.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Compared to the nearby listings
Price:$295.9K vs avg $295.9K (+$0)50%
Size:752 sqft vs avg 884 sqft27%
Price/sqft:$393 vs avg $36882%
More Insights
Built in 1984 (42 years old).
Condition: Built in 1984, this property is 40 years old. While it features updated laminate flooring and fresh paint, the kitchen and bathroom show clear signs of being outdated. The kitchen has older style white cabinets, dated countertops, and a fluorescent light fixture, despite having some newer stainless steel appliances. The bathroom vanity and lighting are also dated. The property is well-maintained and functional, but requires minor updates to modernize the key areas.
Year Built
1984
Close
-
List price
$296K
Original List price
$296K
Price/Sqft
$393
HOA
$428
Days on market
-
Sold On
-
MLS number
41120703
Home ConditionFair
Features
Good View:
Deck
View-
About this home
Good opportunity for an investment property. Unit is currently rented to a long term tenant at $2,350 per month.
C
Christopher Parker
Listing Agent
Price History
Date
Event
Price
04/15/19
Sold
$274,500
10/28/04
Sold
$235,000
10/07/04
Sold
$30,000
Condition Rating
Fair
Built in 1984, this property is 40 years old. While it features updated laminate flooring and fresh paint, the kitchen and bathroom show clear signs of being outdated. The kitchen has older style white cabinets, dated countertops, and a fluorescent light fixture, despite having some newer stainless steel appliances. The bathroom vanity and lighting are also dated. The property is well-maintained and functional, but requires minor updates to modernize the key areas.
Pros & Cons
Pros
Immediate Rental Income: The property is currently rented to a long-term tenant at $2,350 per month, providing immediate and stable cash flow for an investor.
Investment Opportunity: Explicitly marketed as a 'Good opportunity for an investment property,' appealing directly to buyers seeking rental income and potential appreciation.
Accessible Price Point: Listed at $295,900, this 2-bedroom condominium offers a relatively affordable entry into the Concord real estate market.
Condominium Benefits: As a condominium, it typically offers lower exterior maintenance responsibilities, appealing to busy individuals or those seeking a lock-and-leave lifestyle.
Established Location: Located in Concord, a well-established city in the East Bay, providing access to local amenities, transportation, and a stable rental market.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
High Association Fee: The monthly association fee of $428.0 is substantial and will significantly impact the net operating income for investors or the overall monthly cost for owner-occupants.
Older Property Age: Built in 1984, the property is 40 years old, which may suggest the need for updates, renovations, or potential deferred maintenance costs to modernize or maintain its condition.
Tenant Occupied Limitations: While providing income, the presence of a long-term tenant may restrict immediate owner occupancy, extensive renovations, or flexible showing schedules for potential buyers.