1128 Marilyn, Concord, California 94518, Concord, - bed, bath
ACTIVE$1,049,000
1128 Marilyn, Concord, California 94518
0Bed
0Bath
Sqft
6,500Lot
Year Built
1959
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41116204
Home ConditionPoor
Features
Good View:
Pool
Patio
View-
About this home
Exceptional Investment Opportunity in Concord! Fully occupied four-plex featuring four spacious 2-bedroom, 1-bath units with in unit laundry — all generating strong, consistent income at competitive market rents. This turnkey property offers immediate cash flow and long-term stability, ideal for investors seeking a well-performing multifamily asset. Tenants enjoy convenient access to downtown Concord, BART, schools, shopping, and major commuter routes. With solid rental history and minimal vacancy, this property stands as a reliable addition to any investment portfolio.
Price History
Date
Event
Price
10/30/25
Listing
$1,049,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 6,500 | 7,362 | 50% |
| Price | $1.05M | $1.14M | 50% |
| Price per square foot | $0 | $0 | |
| Built year | 1959 | 9795986 | 50% |
| HOA | |||
| Days on market | 6 | 100 | 50% |
Condition Rating
Poor
Built in 1959, this property is 65 years old. The visible kitchen features (white flat-panel cabinets, laminate countertops, small square tile backsplash, and older white appliances) are significantly dated, suggesting renovations, if any, occurred 30-50+ years ago. While the property is described as 'turnkey' and 'fully occupied,' indicating it's livable and functional, its overall condition, particularly the kitchen, points to a need for substantial repairs and rehabilitation to meet modern standards. Major systems (plumbing, electrical, HVAC) are likely original or very old, requiring significant investment. The property is not unsafe or unlivable, but it is very uncomfortable by current standards and requires extensive updates beyond minor repairs.
Pros & Cons
Pros
High-Yield Investment: Explicitly marketed as an 'Exceptional Investment Opportunity' offering 'immediate cash flow and long-term stability' for investors seeking a well-performing multifamily asset.
Fully Occupied & Strong Income: Currently fully occupied with all units generating 'strong, consistent income at competitive market rents,' ensuring immediate and reliable revenue.
Desirable Unit Features: Each of the four spacious 2-bedroom, 1-bath units includes highly sought-after in-unit laundry, enhancing tenant appeal and retention.
Strategic Location: Offers tenants convenient access to downtown Concord, BART, schools, shopping, and major commuter routes, supporting consistent demand and rental stability.
Proven Rental Performance: Boasts a 'solid rental history and minimal vacancy,' indicating a reliable and stable income-generating asset with reduced investor risk.
Cons
Property Age: Built in 1959, the property is over 60 years old, which may lead to increased maintenance requirements and potential for aging infrastructure (e.g., plumbing, electrical, roof).
Unspecified Renovation Status: While described as 'turnkey,' the listing lacks specific details on recent major renovations or system upgrades, suggesting potential for future modernization costs to maintain competitiveness.
Anticipated Capital Expenditures: Due to its age, a new owner should budget for potential significant capital expenditures on major systems in the coming years to maintain asset value and tenant satisfaction.