2780 Argyll Avenue, Concord, California 94520, Concord, 94520 - bed, bath
ACTIVE$1,295,000/sqft
2780 Argyll Avenue, Concord, California 94520
0Bed
0Bath
Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income & Stability: The property is fully occupied and income-producing, providing immediate and consistent cash flow for an investor from day one.
Top Cons:
Age of Property: Built in 1953, the property is likely to require significant capital expenditures for deferred maintenance, system upgrades, or modernization to fully realize its value-add potential.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1953 (73 years old).
Condition: Built in 1953, this property shows significant age and requires substantial rehabilitation. While some cosmetic updates like fresh paint and new carpet are visible, the core systems and major components are outdated. The kitchen features older appliances and dated flooring, and the bathroom has an old vanity, fixtures, and tile. The reliance on window AC units and wall heaters indicates a lack of modern central HVAC. The MLS description itself highlights 'significant capital expenditures for deferred maintenance, system upgrades, or modernization,' aligning with the 'poor' condition criteria for properties built over 30 years ago with major components showing significant age and requiring extensive system replacements for modern comfort and efficiency.
Year Built
1953
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41119590
Home ConditionPoor
Features
Patio
View-
About this home
Fully occupied and income-producing, this Concord investment property offers immediate stability with significant value-add potential. Ideally located in a prime commute corridor near BART, freeways, and major employment centers, 2766 & 2780 Argyll Ave provides consistent cash flow today with clear opportunities to enhance rents and overall performance. This is a rare chance to acquire a well-positioned, tenant-occupied asset in a strong rental market—perfect for investors seeking both reliability and upside. 2766 Argyll also available. Package offers preferred!
M
Max Giffin
Listing Agent
Nearby schools
2/10
Sun Terrace Elementary School
Public,•K-5•1.0mi
6/10
Valley View Middle School
Public,•6-8•2.3mi
3/10
Mt. Diablo High School
Public,•9-12•0.5mi
Price History
Date
Event
Price
01/20/99
Sold
$240,000
02/12/20
Sold
$1,025,000
09/09/04
Sold
$690,000
09/26/03
Sold
$575,000
Condition Rating
Poor
Built in 1953, this property shows significant age and requires substantial rehabilitation. While some cosmetic updates like fresh paint and new carpet are visible, the core systems and major components are outdated. The kitchen features older appliances and dated flooring, and the bathroom has an old vanity, fixtures, and tile. The reliance on window AC units and wall heaters indicates a lack of modern central HVAC. The MLS description itself highlights 'significant capital expenditures for deferred maintenance, system upgrades, or modernization,' aligning with the 'poor' condition criteria for properties built over 30 years ago with major components showing significant age and requiring extensive system replacements for modern comfort and efficiency.
Pros & Cons
Pros
Immediate Income & Stability: The property is fully occupied and income-producing, providing immediate and consistent cash flow for an investor from day one.
Strategic Location: Ideally located in a prime commute corridor near BART, freeways, and major employment centers, enhancing tenant demand and long-term value.
Significant Value-Add Potential: The listing explicitly highlights clear opportunities to enhance rents and overall performance, appealing to investors seeking upside and growth.
Quadruplex Investment: As a quadruplex, it offers a multi-unit residential income property, providing diversified rental income streams and increased investment resilience.
Strong Rental Market: Positioned in a strong rental market, which supports sustained tenant demand and the reliability of rental income.
Cons
Age of Property: Built in 1953, the property is likely to require significant capital expenditures for deferred maintenance, system upgrades, or modernization to fully realize its value-add potential.
Low-Rated Local Schools: The elementary (rating 2) and high school (rating 3) in the immediate vicinity are poorly rated, which could negatively impact tenant appeal for families and long-term property value.
Performance Optimization Required: The description implies that current rents or property performance are not fully optimized, necessitating active management and potential investment from the buyer to 'enhance rents and overall performance'.