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Excellent Concord Location - $255K Reduction 3515 Chestnut Ave

20 Unit Block of Flats £4,769,033 (£238,452/Unit) 5.63% Net Initial Yield Concord, CA 94519

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Investment Highlights

Consists of one (1) 3bd-1.5ba townhouse, one (1) 2bd-1.5ba townhouse, and eighteen (18) 2bd-1ba units
Spacious units with private balconies/patios and dual-pane windows
Close proximity to I-680, SR-4, and the Concord BART station offering complete Bay Area access

Features include secured gated access, on-site laundry, and a community swimming pool
21 covered parking spaces, 8 surface spaces, and 1 secured garage space offering ample parking for tenants and guests
Minutes from Todos Santos Plaza offering a weekly farmers market and an array of dining and entertainment options

Executive Summary

The Mitchell Warren Team is pleased to present 3515 Chestnut Avenue, an impeccably maintained 20-unit asset in the heart of Concord. The 18,050 square foot property consists of one (1) 3- bedroom, 1.5-bathroom townhouse, one (1) 2-bedroom, 1.5-bathroom townhouse, and eighteen (18) 2-bedroom, 1-bathroom units. The spacious units offer excellent floor plans, ample light, and extensive closet/storage space. Additional amenities include large private balconies, covered parking, on-site laundry, as well as a community pool for tenants to enjoy. This pride of ownership property stands out for its pristine cleanliness, exceptional upkeep, and excellent occupancy history demonstrating the strong demand for this location. Don’t miss out on this chance to secure a turnkey multifamily asset in one of the East Bay's most desired submarkets.

Property Facts

Price	£4,769,033	Building Class	C
Price Per Unit	£238,452	Lot Size	0.83 AC
Sale Type	Investment	Building Size	18,050 SF
Net Initial Yield	5.63%	Average Occupancy	95%
No. Units	20	Number of Floors	2
Property Type	Residential	Year Built	1971
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory	Parking Ratio	1.66/1,000 SF
Apartment Style	Low Rise

Price	£4,769,033
Price Per Unit	£238,452
Sale Type	Investment
Net Initial Yield	5.63%
No. Units	20
Property Type	Residential
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Office Office Residential Multifamily Dormitory
Apartment Style	Low Rise
Building Class	C
Lot Size	0.83 AC
Building Size	18,050 SF
Average Occupancy	95%
Number of Floors	2
Year Built	1971
Parking Ratio	1.66/1,000 SF