3066 Willow Pass Road, Concord, CA 94519
- $10,000,000
- List Price
- $10,000,000
- Status
- ACTIVE
- MLS#
- ML82056055
- Year Built
- 1963
- Lot Size
- 65,340
- Acres
- 1.50
- Days on Market
- 2
- Property Type
- Commercial
Property Description
Rare opportunity to acquire a well-maintained 36-unit multifamily gated community comprised entirely of spacious two-story townhouse-style apartments. All units feature a desirable 2-bedroom/1.5-bathroom floor plan with central forced heating, air conditioning, assigned on-site parking, and functional layouts that continue to attract long-term tenants. Situated on approximately 1.50 acres, the property consists of five (5) residential buildings, an on-site leasing/manager's office, swimming pool, 34-covered carport spaces, and 20 uncovered parking spaces. Significant recent capital improvements include Newer Roofs on all main buildings (2019), New Siemens Electrical Sub-panels installed throughout all 36-units (2025), with New Parking Lot Asphalt and Carport Roofs scheduled for completion in late summer, 2026. -- The property offers investors an attractive combination of stable in-place income and long-term upside within the strong Contra Costa County rental market. An exceptional opportunity to acquire a pride-of-ownership asset featuring large townhouse-style units, extensive recent improvements, and excellent long-term investment fundamentals.
Additional Information
- Taxes
- $110,230
- Heat
- Central, Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition, Shingle
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $1,028,475
Listing courtesy of Listing Agent: Nate Gustavson (nate@gustavsongroup.com) from Listing Office: Compass.
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