Pine Haven Apts - Trust Sale 1150 Virginia Ln 28 Unit Apartment Building $7,976,515 CAD ($284,876 CAD/Unit) Concord, CA 94520

Trust Sale - Welcome to Pinehaven Apartments is a small community nestled away from main traffic. Units are well cared for with attention to detail. Small/quiet complex.• 28 unit Apartment Complex, Open courtyard,Garden Style Complex, Parking spaces 28 on-site spaces, On site laundry, Pool, Property Manager on site, 24-Hour access, Secure cash flow due to Concord Rent Stabilization passed 4/18/24, Utilities include water & garbage, Small complex nestled away from main traffic,Air Conditioning/Heating Can walk to schools, transportation and shopping. Concord/Pleasant Hill is one of the more affordable submarkets in the East Bay, with an average asking price of $2,200/month. It is also one of the few areas recording positive rent growth, increasing by 0.8% over the past year. Concessions are significant in attracting new residents and will become more important as lease-up begins on the locations still under construction. The outlook of Concord/PleasantHill is relatively stable. Pent-up demand for high-end inventory will
likely result in quick lease-up of properties under development. In the interim, net absorption totals will remain muted, as the submarket lacks the available inventory to achieve high demand figures. Specific terms required for sale, contact listing broker for information and property information at Braunco.com