3515 Chestnut Avenue

Concord, CA, 94519

$7,000,000

$387 per ft²
$7,000,000
$387 per ft²
Active
Active
 - For Sale
carpenters-square
18,050 ft²
property_type
Commercial
calendar
Built 1970
Pleased to present the Chestnut Gardens apartments. Situated on a0.82 acre parcel, this exceptionally well-maintained asset consists of (18) two-bedroom/one-bath units, a two-bedroom/1.5 bath townhome and a three-bedroom/1.5bath townhome. Many of the units feature granite counter tops, vinyl plank floors and stainless steel appliances. Residents enjoy the quiet and private courtyard with mature trees and lush landscaping. Amenities include patios and balconies, controlled access to the courtyard, secured parking access with individual covered parking, a swimming pool, a small playground and a coin operated laundry room. The asset presents the opportunity for investors to acquire a stable cash flow and longterm capital preservation while also offering an opportunity for net income and equity growth by reducing loss to lease. The Bay Area's seemingly perpetual constraint on housing supply and resilient economy indicate long term asset appreciation.
MLS® ID:
ML81919349
Listed:
2/18/23
Updated:
3/29/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
0.83 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
Concord
Garage
No
Parking
Assigned
View
N
County
Contra Costa
Pool
No
Zoning
M
Buyer Agency Compensation
1.50

Courtesy of Chris Saiz with Compass
Listing Contact:  

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