5450 Concord Blvd L4, Concord, California 94521, Concord, 94521 - 2 bed, 1 bath
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5450 Concord Blvd L4
Concord, California 94521
ACTIVE
CONDITION: FAIR
2Beds
1Baths
902Sq Ft
0Lot Size
Property Price
LIST PRICE$305,000
EST. MARKET VALUE
$306,367
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $305,000—positioned well below the $306,368 Fair Market Value by 0.45%. This valuation gap offers $1,368 in Instant Equity. Featuring a Fair Condition Rating, the unit includes a private balcony and in-unit laundry within the amenity-rich Kirkwood community. Proximity to Mt. Diablo Elementary (Rating 8) and Diablo View Middle (Rating 7) ensures long-term rental demand. This is a stable, tenant-occupied asset ideal for Buy-and-Hold Investors or first-time buyers seeking entry into a desirable school district.
Estimated Market Value
$306,367
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 |
|---|---|---|---|---|---|---|
★ 5450 Concord Blvd L4 Subject 2 bd · 1 ba · 902 sqft · $340 | $305,000* List Price | 2 | 1 | 902 | $340 | - |
A 5455 Kirkwood Dr G3 Sold 2 bd · 1 ba · 891 sqft · $418 · 0.4 mi | $372,500 | 2 | 1 | 891 | $418 | 0.4 mi |
B 5455 Kirkwood Dr B6 Sold 1 bd · 1 ba · 696 sqft · $401 · 0.4 mi | $279,000 | 1 | 1 | 696 | $401 | 0.4 mi |
C 5425 Concord Blvd. A4 Sold 1 bd · 1 ba · 762 sqft · $387 · 0.1 mi | $295,000 | 1 | 1 | 762 | $387 | 0.1 mi |
D 1505 Kirker Pass Rd 170 Sold 1 bd · 1 ba · 634 sqft · $379 · 0.4 mi | $240,000 | 1 | 1 | 634 | $379 | 0.4 mi |
E 5450 Concord Blvd H2 Pending 1 bd · 1 ba · 794 sqft · $365 · 0.0 mi | $290,000 List Price | 1 | 1 | 794 | $365 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1976, this property is nearly 50 years old and shows signs of being dated. While the description mentions faux hardwood floors and an open kitchen, the visual evidence of the bathroom fixtures and weathered balcony suggests the unit has not had a comprehensive renovation in over 20 years. It remains functional and tenant-occupied but requires cosmetic updates and likely system reviews to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is currently tenant-occupied, making it a turnkey investment opportunity with immediate cash flow for a new owner.
- Comprehensive Community Amenities
Kirkwood Village offers an extensive amenity package including a pool, sport court, manicured grounds, and covered parking, which enhances tenant retention and lifestyle.
- Strong Educational Proximity
The home is located near highly-rated schools, including Mt. Diablo Elementary (Rating 8) and Diablo View Middle (Rating 7), supporting long-term property value.
CONSRISKS & DEFICIENCIES
- Occupancy Limitations
Current tenant occupancy may deter traditional owner-occupant buyers who require immediate possession of the home.
- Recurring HOA Expenses
The monthly association fee of $410 represents a significant recurring cost that impacts the overall monthly budget and net investment yield.
About 5450 Concord Blvd L4
Investment opportunity! Tenant occupied home in desirable Kirkwood community. Unit features in - unit laundry, light and brite floorplan, private balcony, open kitchen with a peninsula, mirrored closet doors, faux hardwood floors, and more! Community features a pool, covered parking, guest parking, laundry facility, sport court, manicured grounds and more!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $410.0 / Month
Neighborhood Insights
Concord Unified Schools
Mt. Diablo Elementary School
Grades K-5 • 1.1 mi
8/10
Delta View Elementary School
Grades K-5 • 4.0 mi
4/10
Diablo View Middle School
Grades 6-8 • 2.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 1.0 | 1.2 |
| Square foot | 902 | 866.37 |
| Lot Size | - | 709.188 |
| Price | $305.0K | $313.0K |
| Price per sq ft | $338 | $368 |
| Built year | 1976 | 1978 |
| HOA | $410.0 | $522 |
| Days on market | 4 | 62 |
Pricing History
Listed for Sale
Oct 20, 2026
$305,000
Initial Listing
Sold
Nov 14, 2011
$92,177
Public Record
Sold
Mar 21, 2005
$286,000
Public Record
Sold
May 29, 1998
$76,000
Public Record