2005 Sierra Rd, Concord, California 94518, Concord, 94518 - 0 bed, 0 bath
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2005 Sierra Rd
Concord, California 94518
ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,464Sq Ft
10,890Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,428,700
SUMMARY
This Quadruplex Residential Income property represents a High-Potential Investment Opportunity, currently listed at $1,450,000. While slightly above the $1,428,700 Fair Market Value, the asset offers long-term stability through its transit-oriented location near three BART stations. Featuring an Excellent Condition Rating with updated kitchens and baths, the property provides immediate, turnkey cash flow. With on-site laundry, storage, and dedicated parking, it minimizes vacancy risks. This is a strategic, low-maintenance acquisition ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking reliable rental demand.
Estimated Market Value
$1,428,700
Based on Realkey algorithm analyzing recent comparable sales in Concord.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2005 Sierra Rd Subject 0 bd · 0 ba · 4,464 sqft · $320 | $1,450,000* List Price | 0 | 0 | 4,464 | $320 | - |
A 2011 Sierra Rd Active 0 bd · 0 ba · 4,464 sqft · $309 · 0.0 mi | $1,379,000 List Price | 0 | 0 | 4,464 | $309 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1968, the property is well-maintained and move-in ready. The units feature updated kitchens with stainless steel appliances and stone countertops, modernized bathrooms with contemporary vanities, and updated flooring. Recent maintenance includes a new water heater installed within the last two years.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Transit-Oriented Location
The property is exceptionally well-located near three BART stations and major freeways, ensuring high tenant demand and consistent occupancy from commuters.
- Turnkey Investment with Updates
All units are currently rented and feature updated kitchens and bathrooms, providing immediate cash flow with reduced need for near-term capital improvements.
- Value-Add Tenant Amenities
The inclusion of on-site laundry facilities, dedicated storage units, and both covered and uncovered parking significantly enhances the property's competitive edge in the rental market.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1968, the property may require long-term maintenance or upgrades to major systems like plumbing and electrical that fall outside of the recent cosmetic updates.
- Market Pricing Adjustments
A significant price reduction from the original listing suggests the property may have faced challenges with initial valuation or reflects a softening in the local multi-family market.
About 2005 Sierra Rd
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!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1968
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,464 | - |
| Lot Size | 10,890 | - |
| Price | $1.45M | $675.0K |
| Price per sq ft | $325 | $513 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 432 | 38 |
Pricing History
Listed for Sale
Dec 31, 2025
$1,450,000
$1,600,000
-9% Price Drop
Initial Listing
Price Change
Aug 18, 2025
$1,600,000
Initial Listing
Sold
Feb 23, 2022
$373,500
Public Record
Sold
Mar 8, 2018
$1,350,000
Public Record
Sold
Feb 17, 2005
$931,000
Public Record
Sold
May 27, 1999
$69,000
Public Record