2005 Sierra Rd, Concord, California 94518, Concord, - bed, bath
ACTIVE$1,600,000
2005 Sierra Rd, Concord, California 94518
0Bed
0Bath
Sqft
10,890Lot
Year Built
1968
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41099799
Home ConditionGood
Features
View-
About this home
Excellent investment opportunity in convenient Concord location! Nearby amenities include 3 BART stations (Concord, N Concord, Pleasant Hill, Costco, Bus, Trader Joe's, Safeway, restaurants, movie theaters, La Clinica, John Muir hospital, trails, parks, and easy freeway access. All units are rented and have been updated over the years including baths, kitchens and a new a water heater 2 years ago. Community laundry facility on site. Storage units and both covered and uncovered parking. Great investment opportunity!
Price History
Date
Event
Price
08/18/25
Listing
$1,600,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 10,890 | 9,557 | 50% |
| Price | $1.6M | $1.41M | 50% |
| Price per square foot | $0 | $0 | |
| Built year | 1968 | 9840986 | 50% |
| HOA | |||
| Days on market | 79 | 136 | 50% |
Condition Rating
Good
The property, built in 1968, has undergone significant updates to its kitchens and bathrooms 'over the years,' and a new water heater was installed just two years ago. The exterior appears well-maintained, and the fact that all units are rented suggests they are in a functional and habitable condition. These updates indicate the property is move-in ready with major systems being functional and within their expected lifespan, aligning with a 'Good' condition score.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'Excellent investment opportunity' with all units currently rented, ensuring immediate and consistent income generation for the buyer.
Prime Location & Accessibility: Convenient Concord location offering exceptional access to three BART stations, major freeways, and a wide array of essential amenities including Costco, Trader Joe's, Safeway, hospitals, restaurants, and parks.
Income-Generating Quadruplex: As a quadruplex with all units occupied, it provides diversified income streams and reduced vacancy risk compared to single-unit properties.
Recent Unit Updates: Units have received updates over the years, including baths, kitchens, and a new water heater installed two years ago, which can reduce immediate tenant-related renovation needs.
On-Site Tenant Amenities: The property offers valuable on-site amenities such as a community laundry facility, storage units, and both covered and uncovered parking, enhancing tenant convenience and retention.
Cons
Age of Property: Built in 1968, the property is over 50 years old. While units have seen updates, major structural components and core systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring significant capital expenditure.
Potential for Deferred Maintenance: The description 'updated over the years' suggests piecemeal renovations rather than a comprehensive overhaul, which could imply inconsistencies in condition or areas still requiring attention and future investment.
Lack of Premium Features: The description highlights functional updates but does not specify high-end or luxury finishes, which might limit the property's ability to command top-tier rental premiums compared to more modern or extensively renovated alternatives.