2100-2104 La Loma Terrace
Rancho Cordova, CA 95670
Sq. Feet 77,101
Investors are invited to take a close look at this multifamily offering in Concord, CA. This is a value-add investment: tenants pay their own PG&E consumption and have separate garbage accounts. The landlord only pays water.
Located in a residential area off Concord Boulevard in Concord, California all tenants have the option of using their own automobiles which provides quick access to Highway 24 or Interstate 680 where they are minutes away from Walnut Creek and Alamo. If tenants prefer public transportation they can walk to the Concord BART Station in less than 10 minutes or can walk to a local Safeway Shopping Center and Downtown Concord in less than five minutes.
The subject property affords privacy as all units have cottage-like appeal; all tenants also have designated parking for their vehicles. All units have new double pane windows. Other benefits include privacy and the serenity of living in a residential community with quick access to BART and Downtown Concord.
Cap Rate: 5.51% NOI: $58,965 Livable Sq. Ft: 3,440
Built in 1945 7 units Lot Sq. Ft: 7,405