2065 Riley Court

Concord, CA 94520

$3,000,000
Price
Beds
6,170 Sq. Ft.
$486 / Sq. Ft.
6,170
Sq. Ft.
$486
per Sq. Ft.

Description

Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony...Unlock the potential of a prime 10-unit apartment complex that offers a remarkable cash flow opportunity! This well-maintained property features four spacious two-bedroom units and six cozy one-bedroom units, boasting a strong occupancy history and attracting easy-to-find rentersa true investor's dream. With guaranteed income potential from the property, it has been fully rented most of the time, ensuring excellent cash flow. The complex is exceptionally well-kept, having recently completed a balcony inspection, making it a maintenance-free investment. Tenants enjoy convenient amenities, including individual carport spots and additional parking spaces. Each unit is equipped with its own gas, water, and electrical meters, allowing for straightforward tenant billing and lowering utility costs. Security and comfort are prioritized, with the complex located behind a secure gate in a safe, community-oriented environment. There are also future expansion opportunities, such as the potential to add a coin-operated washer and dryer laundry room. Conveniently located, it offers an easy commute and is just minutes away from shopping centers.
  1. Listed by Gene Au • DRE #01908058 • Brokerage DRE #00840464 • Realty World Dominion • 510-852-9898

Property Details for 2065 Riley Court

MLS City Name
CONCORD
Building Type
Other
Complex Name
Riley Court
Style
Ranch
Garage Spaces
0
Parking Spaces
10
LISTING UPDATED: 11/23/2024 07:09 PM

Property Details for 2065 Riley Court

StatusActive
MLS #ML81986971
Days on Compass33
Taxes$14,796 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1986
Lot Size0.26 AC / 11,456 SF
CountyContra Costa County

Building Information for 2065 Riley Court

Stories-Residences-Year Built1986Building Size-Lot Size0.26 AC / 11,456 SF

Property Information for 2065 Riley Court

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Countertop - Stone, Countertop - Synthetic, Dishwasher, Freezer, Garbage Disposal, Oven - Gas
Features
  • Amenities: Security Gate
  • Fireplace: No
  • Laundry: Hookups Only
  • Living SqFt: 6170
  • Pool: No
  • Security Features: Security Fence
  • Special Features: Grab Bars, Parking
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: Carport, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Concord
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2065
  • Street Name: Riley
  • Street Suffix: Court
  • Area ID: 5701
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6170
  • Structure SqFt Source: Assessor
  • Age: 38
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: multifamily
Location Information
  • Parcel Number: 128-200-061-9
  • County Name: Contra Costa
  • City Name: CONCORD
  • City Postal ID: 327
  • Postal Code: 94520
  • Elementary School District: 1630
  • High School District Text: Mt. Diablo Unified
Lot Information
  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Lot Acres: .26
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 9
General Information
  • Annual Tax Amount: $14,796
  • Capitalization Rate: 3.63
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $4,000
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $8,987
  • Expense Trash: $10,162
  • Expenses Other: $3,076
  • Expenses Utility: $0
  • Expenses Total: $41,021
  • Operating Expenses Include: Fee - Professional Services, Maintenance
  • Gross Rent Multiplier: 20.03
  • Income Annual Gross: $149,791
  • Income Annual Rental: $149,791
  • Income Gross Scheduled: $149,791
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Approx Square Footage: 750
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit 3 Information
  • Unit 3 Approx Square Footage: 650
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Approx Square Footage: 750
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 750

Property History for 2065 Riley Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2065 Riley Court

Taxable ValueLand$602,898Additions$1,306,286Total$1,909,184
Tax Record2024$29,593 ($2,466 / month)
Home Facts
Total Finished SqFt6,170 SqFtAbove Grade Finished SqFt6,170 SqFtStories1Lot Size11,456 SqFtStyleMulti-Family Res (5+ Units)Year Built1986Year Renovated1988ZoningM1CountyCONTRA COSTAAPN128-200-061-9

Schools near 2065 Riley Court

This home is within Mt. Diablo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Meadow Homes Elementary School
PublicK to 5

Oak Grove Middle School
Public6 to 8

Mt. Diablo High School
Public9 to 12

Diablo Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2065 Riley Court is for sale in Concord, CA 94520. This property was listed for sale on November 18, 2024 by Realty World Dominion, it's currently listed at $3,000,000. It has been on the market for a total of 33 days and was last sold on August 26, 2005. This listing's school district is Mt. Diablo Unified School District. Nearby schools include Meadow Homes Elementary School, Oak Grove Middle School and Mt. Diablo High School. 2065 Riley Court is a 0-bed, 0-bath, 6,170 sqft built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty World Dominion, Gene Au, DRE #01908058

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.