1835 Robin Lane

Concord, CA 94520

$3,200,000
Last Sold Price
Beds
9,148 Sq. Ft.
$350 / Sq. Ft.
9,148
Sq. Ft.
$350
per Sq. Ft.

Description

1835 Robin Lane presents an excellent opportunity for an investor to purchase a 11 unit apartment building in the city of Concord. Built-in 1969, the property consists of three buildings surrounding a central courtyard on a 22,216 square foot lot. The combined square footage of all three buildings is 9,148 square feet and includes covered and uncovered off-street parking spaces. The property consists of eleven (11) 2 bedroom/ 2 bathroom units, each with their own balcony or ground floor patio space...1835 Robin Lane presents an excellent opportunity for an investor to purchase a 11 unit apartment building in the city of Concord. Built-in 1969, the property consists of three buildings surrounding a central courtyard on a 22,216 square foot lot. The combined square footage of all three buildings is 9,148 square feet and includes covered and uncovered off-street parking spaces. The property consists of eleven (11) 2 bedroom/ 2 bathroom units, each with their own balcony or ground floor patio space on a low maintenance landscape. Five units have been fully renovated by current ownership, and all units are individually metered for gas and electric. The property also collects ancillary income with onsite laundry facilities and available storage lockers. The property boasts a “Very Walkable” walk score of 78 and is a great location for commuters with its close proximity to CA-242, as well as less than 2 miles to the Downtown Concord BART station and Todos Santos Plaza. In all, this opportunity will provide a new investor with day one cash flow, additional upside with annual rent increases, and is located in a city with some of the highest allowable annual rent growth in the East Bay.
  1. Listed by Eric Keena • DRE #02077388 • BHHS Drysdale Properties
  2. Listed by Monjid Aldiyyat • DRE #01973084 • Berkshire Hathaway Home Svcs

Property Details for 1835 Robin Lane

City
CONCORD
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage Spaces
0
Garage/Parking
Assigned Spaces, Parking Area
Total # Parking Spaces
11

Location

Listing Courtesy of BHHS Drysdale Properties, Eric Keena, DRE #02077388; Berkshire Hathaway Home Svcs, Monjid Aldiyyat, DRE #01973084

Sold By Tejveer Yadav, Broker, Tejveer Yadav, DRE #01921616

Add your commute
LISTING UPDATED: 10/06/2023 11:25 AM

Property Details for 1835 Robin Lane

StatusSold
MLS #41020944
Days on Compass167
Taxes$48,757 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1969
Lot Size0.51 AC / 22,216 SF
CountyContra Costa County

Location

Listing Courtesy of BHHS Drysdale Properties, Eric Keena, DRE #02077388; Berkshire Hathaway Home Svcs, Monjid Aldiyyat, DRE #01973084

Sold By Tejveer Yadav, Broker, Tejveer Yadav, DRE #01921616

Add your commute

Building Information for 1835 Robin Lane

Stories-Residences11Year Built1969Building Size-Lot Size0.51 AC / 22,216 SF

Payment Calculator

$21,527 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$4,063

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1835 Robin Lane

Features
Feature Details
  • Flooring: None
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: Window/Wall Unit(s)
  • Heating: MultiUnits
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Dues: $.00
Property Details
  • Additional Equipment: None
  • Exterior: None
  • Lot Description: Regular, Security Gate
  • Lot Sq Ft Apx: 22216
  • Lot Size Square Feet: 22216.0
  • Roof: None
  • Sq Ft Apx: 9148
  • Stories: 0.0
  • Year Built: 1969
Location Details
  • Directions to Property: 242Exit1-Rt to Meadow-Rt Robin
  • FIPS Code: 06013
  • Census Tract: 336201
  • Parcel Number: 128-210-055-9
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 11
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Estimated, Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Wired For Cable TV, Extra Storage, Garden
  • Apx Lot Acres: 1
  • On Site Parking Description: Covered Parking, Parking Area, Spaces - Assigned, Uncovered Park Spaces 2+
  • Tot Ann Oper Exp: 92121.0
Income / Expense Details
  • Annual Exp Year: 92121
  • Annual Gross Sched Income: $305,304
  • Annual Insurance Expense: $6,635
  • Annual License Expense: $1,375
  • Annual Maint Expense: $8,250
  • Annual Misc Income: $6,144
  • Annual Rent Income: $299,160
  • Annual Taxes: $48,757
  • Annual Util Expense: $14,324
  • Annual Vacancy: 9159.0
  • Gross Income: $305,304
  • Gross Operating Actual Income: $296,145
  • Gross Rent Multiplier: 11.79
  • Net Operating Income: $204,023
  • Other Annual Expense: $12,780
Other Financial Information
  • Cap Rate: 5.67%
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1835 Robin Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1835 Robin Lane

Taxable ValueLand$1,393,861Additions$1,803,443Total$3,197,304
Tax Record2023$44,338 ($3,695 / month)
Home Facts
Total Finished SqFt9,148 SqFtAbove Grade Finished SqFt9,148 SqFtStories1Lot Size22,216 SqFtStyleMulti-Family Res (5+ Units)Year Built1969Year Renovated1970ZoningM1CountyCONTRA COSTAAPN128-210-055-9

Schools near 1835 Robin Lane

This home is within Mt. Diablo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Cambridge Elementary School
PublicK to 5

Oak Grove Middle School
Public6 to 8

Ygnacio Valley High School
Public9 to 12

Diablo Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Drysdale Properties, Eric Keena, DRE #02077388; Berkshire Hathaway Home Svcs, Monjid Aldiyyat, DRE #01973084

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.