2180 California St 6 Unit Apartment Building $3,586,019 CAD ($597,670 CAD/Unit) 4.34% Cap Rate Concord, CA 94520

2180 California St is a stunning 6-unit apartment community located in the thriving city of Concord, California.
Situated on a 9,600 square feet parcel of land, the subject property was originally constructed in 2001 and has a gross building area of approximately 6,938 square feet, offering its tenants beautifully designed large two-bedroom townhouse floor plans.
Concord, CA is the second largest city in Contra Costa County and the 8th largest city by population in the San Francisco Bay Area. The city is a major regional center on the East Bay and is located about 30 miles east of San Francisco. Concord also provides easy access to Napa Valley, Silicon Valley and Sacramento.
The subject property is centrally located and is within close proximity to many transportation corridors including Interstate 680, California State Route 242, California State Route 4, and the Concord BART Station. Tenants and residents also enjoy convenient access to many of the Bay Area’s top employers including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, Google, Apple, Meta as well as many others.
The investment appeal of this asset is driven by the Bay Area’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 2180 California St presents an attractive choice for East Bay renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.