1506 Garcez Dr, Concord, CA 94521

Concord
Local realty services provided by:ERA North Orange County Real Estate
1506 Garcez Dr,Concord, CA 94521
$3,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jane al-hazin
Office: bhhs drysdale properties925-280-4920
MLS#:41153782
Source:CRMLS

Price summary

  • Price:$3,500,000

About this home

1506 Garcez is a well-maintained 12-unit apartment building in the city of Concord, 11 of 12 units occupied. The property has been meticulously maintained by current ownership, with recent capital improvements completed to extend the longevity of the property. The unit mix consists of ten (10) 2 bed/1 bath units, one (1) 2 bed/1.5 bath unit, and one (1) 1 bed/1 bath unit on low maintenance landscaping. Offered at $3,500,000 ($291,667 per unit) with a 6.13% cap rate and 11.20 GRM, based on gross scheduled rental income of approximately $312,500 annually and NOI of $214,667. Additional upside through leasing the vacant unit(s), unit turnover and renovation, and annual rental rate increases. The property collects laundry income, few units pay an additional $100 per month in utility reimbursement to offset water, recycling, and trash expenses. Several units have updated flooring, kitchens, bathrooms, and new appliances. Double pane windows throughout. Exterior painting and a 30-year foam...

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Home facts

  • Year built:1960
  • Subdivision & Development:CLAYTON VALLEY
  • Listing ID #:41153782
  • Added:1 day(s) ago
  • Updated:November 14, 2026 at 07:33 PM

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Roof:Foam
  • Year built:1960
  • Lot area:0.3 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$3,500,000

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:13
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