Olivera Villa Apts 94 Units- Trust Sale 2451 Olivera Rd 94 Unit Apartment Building $34,983,886 CAD ($372,169 CAD/Unit) Concord, CA 94520



INVESTMENT HIGHLIGHTS
- Trust Sale
- major access location
- 94 Units with under market rents
- property is in a residentail location with green space on neighboring properties
EXECUTIVE SUMMARY
The Olivera Villa Apartments offer a convenient location just minutes away from highways 242 and 4. The complex is within walking distance to the North Concord BART station, and several restaurants and shops in the Olivera Crossing Shopping Plaza. Featuring a courtyard setting with mature landscape, and a large swimming pool. This property offers a welcome retreat from the hectic life in the East Bay area. Amenities include 930 square feet of usable space, lots of closets- including two full closets in the master bedroom, FIVE on-site laundry rooms, reserved covered parking, and visitor parking is available as well. On-site management and 24
hour emergency maintenance work. Parking spaces – 100 Covered/62 uncovered surface, (4) Laundry Facilities, Utilities included in rents – water, sewer and trash removal
Secure cash flow due to Concord Rent Stabilization passed 4/18/24, Electric & Gas metered separately. Include air conditioning, heating, ceiling fans, double vanities, tub/
shower, walk-in closets, balcony, window coverings, vaulted ceilings, vinyl & carpet flooring, patio & high speed internet access.Concord, California is a Bay Area paradise. Not far from Suisun Bay and easily accessible to I-680, Concord is comfortably surrounded by gorgeous scenery, tree covered mountains, and rolling hills. Accented with all of the color and local flair you’d expect from the Bay Area, this is a community with a Southwestern-style vibe. Whether you choose the stucco luxury of Cowell, the quaintly quiet neighborhoods of Four Corners, or the rolling hills of North Concord, you’re definitely in for a treat in this picturesque California city. Trust sale with specific purchase terms. contact Listing agent for information. View property information at Braunco.com.
hour emergency maintenance work. Parking spaces – 100 Covered/62 uncovered surface, (4) Laundry Facilities, Utilities included in rents – water, sewer and trash removal
Secure cash flow due to Concord Rent Stabilization passed 4/18/24, Electric & Gas metered separately. Include air conditioning, heating, ceiling fans, double vanities, tub/
shower, walk-in closets, balcony, window coverings, vaulted ceilings, vinyl & carpet flooring, patio & high speed internet access.Concord, California is a Bay Area paradise. Not far from Suisun Bay and easily accessible to I-680, Concord is comfortably surrounded by gorgeous scenery, tree covered mountains, and rolling hills. Accented with all of the color and local flair you’d expect from the Bay Area, this is a community with a Southwestern-style vibe. Whether you choose the stucco luxury of Cowell, the quaintly quiet neighborhoods of Four Corners, or the rolling hills of North Concord, you’re definitely in for a treat in this picturesque California city. Trust sale with specific purchase terms. contact Listing agent for information. View property information at Braunco.com.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$3,229,071
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$25.39
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$3,229,071
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$25.39
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Net Operating Income |
-
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-
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PROPERTY FACTS
Price | $34,983,886 CAD |
Price Per Unit | $372,169 CAD |
Sale Type | Investment |
No. Units | 94 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 4.21 AC |
Building Size | 127,192 SF |
Average Occupancy | 98% |
No. Stories | 2 |
Year Built | 1971 |
Parking Ratio | 1.89/1,000 SF |
Zoning | M18, Concord |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Patio
- Window Coverings
SITE AMENITIES
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 17 | - | 699 - 700 |
2+1 | 77 | - | 928 - 933 |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $9,589,433 CAD | |
Land Assessment | $7,001,892 CAD | Total Assessment | $16,591,324 CAD |