1105 Carey Drive

Concord, CA

For Sale

For Sale

28-Unit Multi Family Investment

Built in 1961 and meticulously maintained, this property is a prime investment opportunity in a market with high demand and limited supply. Rental rates are projected to climb by 12% over the next few years, offering significant upside potential for investors.

The property features a single-story, well-maintained building totaling 15,552 square feet over two floors. It sits on a spacious 0.65-acre lot (approximately 28,314 square feet), providing ample outdoor communal space for residents to enjoy including a recently renovated swimming pool.

Prime investment opportunity to acquire a 28-unit apartment building located in a supply-constrained market with strong historical rent growth.

Ideal unit mix for attracting a wider range of tenants with (8) 2-bedroom, (16) 1-bedroom, and (8) studio apartments, some featuring private outdoor patios.

Inviting and well-maintained interior courtyard featuring a recently refurbished communal swimming pool.

Attractive for tenants seeking a quiet residential environment with convenient access to Downtown Pleasant Hill Shopping Mall, I-680 freeway, and Pleasant Hill BART station.

Recent capital improvements include pool renovation, several unit upgrades, and a new roof with solar to drive down energy costs.

On-site coin-operated laundry generates additional revenue.

Downloads

Offering Memorandum

Contact

Laef Barnes

Vice President
Avison Young - US - CA - San Francisco
CA License No. 01936688
+1 509 475 6210
Tim Hogan
Principal
Avison Young - US - CA - San Francisco
CA License No. 01375367
+1 925 639 6774