SOLD 09/28/2023
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Interior Features
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Commercial sold for $2,380,000 in 56 days
1642 Clayton Rd Concord, CA, 94520
Off the market 5 or More Units
The property is one of the best located small multifamily properties in the city of Concord and offers investors the chance to own a quality asset in a fantastic location with the potential to realize rental upside of 25%+ over current in-place rents. The property consists of 1 building housing a total of 8 units, 4upstairs and 4 downstairs and features ideal unit mix of seven 2bedroom 1 bath units and one 1 bedroom 1 bath unit. Each unit features 5 piece appliance package including gas oven/range, microwave hood, dishwasher, fridge/freezer, wall A/C unit, gas wall furnace for heat, dual pane windows, and 1 assigned parking stall per unit. Additional revenue is generated by leasing unassigned parking stalls and the coin-operated on-site laundry machines. Limited landscaping and the simplistic structure require very littlie maintenance reducing owner operating costs.
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Property details
5,728 sqft interior area
Land area
9,671 sqft (0.22 acres)
Address
1642 Clayton Rd, Concord, CA, 94520
City of California
Concord
County
Contra Costa
Previous price
$2,350,000
Year Built
1960
District
Concord
Nearby major retailers
Costco
Trader Joe's
Supercuts
Walgreens
Safeway
Lowe's
Toyota
T-Mobile
Whole Foods Market
Wholesale: 1
Supermarket: 8
Hairdresser: 1
Do it yourself: 1
Car: 1
Mobile phone: 4
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Interior Features
Tile, Carpet floors
Floor Covering
Tile, Carpet
Garage & Parking
Parking Lot, Assigned, Space Per Unit - 1, Uncovered Parking Space
Utilities Included
All Public Utilities, Individual Electric Meter, Individual Gas Meter
Appliances
Dryer, Washer, Gas Water Heater
Basement
None
Listed by
Ethan Berger, NAI Northern California
Name
Ethan Berger
License number
01868467
Brokerage company
NAI Northern California
MLS #
41035092
Buyer agent
Name
Maurice Carbajal
Brokerage company
GCM Realty & Loans
Payment calculator
Calculate your monthly payments
Mortgage
$7,308
Taxes
$0
HOA dues
$0
Mortgage
$476,000 / 20%
2.28%
30 years
Your amount
$7,308 / month
Exterior Features
Stucco construction and more
Construction
Stucco
Lot details
TMK #1280100353
Lot Description
Level
Parcel nr.
1280100353
94520 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
—
no data
High school
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no data
Local airport
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no data
People living in 94520
44%
Families with children
National average: 39%
33%
Non family households
285,907
Population
$120,789
Average Income
Age & gender
Median age 39 years
More info
Commute types
77% commute by car
More info
Education level
26% have bachelor education
More info
Number of employees
3% work in education and healthcare
More info
Vehicles available
38% have 2 vehicle
More info
Vehicles by gender
38% have 2 vehicle
More info
Housing market insights for
$805.83k
Neighborhood average
sales price*
sales price*
$765k
Neighborhood median
sales price*
sales price*
440
Number
of sales*
of sales*
Housing type
55% are single detacheds
More info
Rooms
37% of the houses have 4 or 5 rooms
More info
Bedrooms
59% have 2 or 3 bedrooms
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Owners vs Renters
57% are owners
More info
8.67 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Sep 28, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 28, 2023 | Sold | $2,380,000 | 0 | Public Record |
| Sep 28, 2023 | Price Increase | $2,380,000 +1.28% | 0 | MLS #41035092 |
| Aug 4, 2023 | New Listing | $2,350,000 | 0 | MLS #41035092 |
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Frequently Asked Questions about 1642 Clayton Rd
What is 1642 Clayton Rd?
1642 Clayton Rd is a Commercial/Industrial propertywith 5,728 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1642 Clayton Rd, Concord, CA, 94520.
What comparable properties are nearby?
Comparable nearby commercial properties include 1880 Robin Ln, 1650 3rd St, 1100 Pleasant Valley Dr, 4620 Pacheco Blvd, 3533 Plaza Way, 2121 Willow Pass Rd.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Sep 28, 2023
Verhouse Last checked 2 minutes ago
The closest grocery stores are 99¢ only Store, 0.28 miles away and Las Montañas, 0.3 miles away.
The 94520 zip area has a population of 285,907, and 44% of the families have children. The median age is 39.56 years and 77% commute by car. The most popular housing type is "single detached" and 57% is owner.
