2005 Sierra Rd, Concord, California 94518, Concord, 94518 - bed, bath
ACTIVE$1,600,000
2005 Sierra Rd, Concord, California 94518
0Bed
0Bath
Sqft
10,890Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: The property is explicitly marketed as an 'Excellent investment opportunity,' reinforced by its 'Residential Income' type and 'Quadruplex' sub-type, indicating significant income-generating potential.
Top Cons:
Age of Property & Potential System Obsolescence: Built in 1968, the property is over 50 years old. While some interior updates are noted, critical systems such as roofing, electrical, plumbing (beyond the water heater), and HVAC may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Compared to the nearby listings
Price:$1.60M vs avg $1.06M (+$540,000)67%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1968 (57 years old).
Condition: Built in 1968, this property is over 50 years old. While the listing states that units have been 'updated over the years including baths, kitchens' and a new water heater was installed two years ago, the lack of specific details or interior images makes it difficult to assess the quality and recency of these renovations. The exterior, as seen in the provided image, appears well-maintained but clearly shows its age and a dated aesthetic. Major systems beyond the water heater (e.g., HVAC, electrical, plumbing) are likely original or significantly older, suggesting they are functional but outdated. The property is livable and maintained, but likely requires minor updates or aesthetic improvements to meet contemporary standards.
Year Built
1968
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41099799
Home ConditionFair
Features
View-
About this home
Excellent investment opportunity in convenient Concord location! Nearby amenities include 3 BART stations (Concord, N Concord, Pleasant Hill, Costco, Bus, Trader Joe's, Safeway, restaurants, movie theaters, La Clinica, John Muir hospital, trails, parks, and easy freeway access. All units are rented and have been updated over the years including baths, kitchens and a new a water heater 2 years ago. Community laundry facility on site. Storage units and both covered and uncovered parking. Great investment opportunity!
Condition Rating
Fair
Built in 1968, this property is over 50 years old. While the listing states that units have been 'updated over the years including baths, kitchens' and a new water heater was installed two years ago, the lack of specific details or interior images makes it difficult to assess the quality and recency of these renovations. The exterior, as seen in the provided image, appears well-maintained but clearly shows its age and a dated aesthetic. Major systems beyond the water heater (e.g., HVAC, electrical, plumbing) are likely original or significantly older, suggesting they are functional but outdated. The property is livable and maintained, but likely requires minor updates or aesthetic improvements to meet contemporary standards.
Pros & Cons
Pros
Strong Investment Opportunity: The property is explicitly marketed as an 'Excellent investment opportunity,' reinforced by its 'Residential Income' type and 'Quadruplex' sub-type, indicating significant income-generating potential.
Prime Location & Accessibility: Situated in a convenient Concord location, the property offers exceptional access to three BART stations, major retailers (Costco, Trader Joe's, Safeway), healthcare facilities (La Clinica, John Muir hospital), recreational areas (trails, parks), and easy freeway access, enhancing tenant appeal.
Fully Occupied with Immediate Income: All units are currently rented, ensuring immediate and stable rental income for a new owner without the need to find tenants or manage vacancies upon acquisition.
Recent Unit Updates: Units have been updated over the years, including baths, kitchens, and a new water heater installed two years ago, which helps reduce immediate maintenance concerns and enhances the property's attractiveness to tenants.
Tenant-Friendly Amenities: The property provides valuable on-site amenities for tenants, including a community laundry facility, storage units, and both covered and uncovered parking, which can contribute to tenant satisfaction and retention.
Cons
Age of Property & Potential System Obsolescence: Built in 1968, the property is over 50 years old. While some interior updates are noted, critical systems such as roofing, electrical, plumbing (beyond the water heater), and HVAC may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Vague Scope of Updates: The description mentions 'updated over the years including baths, kitchens and a new water heater,' but lacks specific details on the extent, quality, and uniformity of these updates across all units, which could mask underlying issues or varying conditions.
Lack of Individual Unit Amenities: While community amenities are present, the description does not specify if individual units offer features such as in-unit laundry, private balconies/patios, or dedicated outdoor spaces, which are increasingly desired by tenants and could limit rental premium potential compared to competing properties.