4067 Lillian Dr, Concord, California 94521, Concord, - bed, bath
ACTIVE$1,149,888
4067 Lillian Dr, Concord, California 94521
0Bed
0Bath
Sqft
10,614Lot
Year Built
1950
Close
-
List price
$1.15M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41102897
Home ConditionFair
Features
Deck
Patio
View-
About this home
TWO HOUSES ON ONE LOT, but this special property has 4 units. Two units, A & A2, are vacant, and the other two units, B & B2, have a tenant $1900 and $2100. Each unit has its own entry. You and your family can live in Main A unit and rent the A2 unit for another $1400, which totals $5600 monthly income. Or rent out all 4 units for additional income. Possible $8300+ Rental Income. This house has ample parking spaces and a huge backyard with fruit trees and a huge deck. This house already has a Solar roof, but it is not connected. It will reconnect after escrow closes. All units are done with permit, except JDU, it is a conditional permit (B2)
Nearby schools
3/10
Westwood Elementary School
Public,•K-5•0.7mi
2/10
El Dorado Middle School
Public,•6-8•0.6mi
6/10
Concord High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
09/23/25
Price Change
$1,149,888
06/26/25
Listing
$1,299,000
Condition Rating
Fair
The property was built in 1950, making it over 70 years old. While some areas show signs of recent, basic updates (e.g., one bathroom with a newer shower and vanity, some laminate flooring), other areas, particularly the kitchens and a second bathroom, appear dated with older cabinets, basic appliances, and worn finishes. The presence of window AC units instead of central HVAC indicates outdated cooling/heating systems. The description also notes a solar roof that is not connected and a 'conditional permit' for one unit, suggesting deferred maintenance or incomplete work. Overall, the property is functional but shows its age and would require significant updates to meet modern standards and aesthetics, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Exceptional Income Potential: The property features four distinct units with a potential rental income exceeding $8300 per month, making it a strong investment opportunity for cash flow.
Owner-Occupancy with Income: Offers a unique 'house hacking' opportunity, allowing an owner to reside in one unit (A) while generating substantial income from others (A2, B, B2), significantly offsetting mortgage costs.
Permitted Units: Most units are done with permits, indicating a level of legality and reducing potential compliance issues, which is crucial for multi-unit properties.
Generous Outdoor Space & Parking: Features ample parking spaces, a large backyard with fruit trees, and a huge deck, enhancing tenant appeal and quality of life.
Pre-installed Solar System: A solar roof is already installed and will be reconnected post-escrow, promising future energy cost savings and environmental benefits.
Cons
Conditional Permit for One Unit: Unit B2 operates under a conditional permit (JDU), which may present future regulatory challenges or require additional investment to fully legalize.
Property Age: Built in 1950, the property is older, which could imply higher maintenance costs, potential for outdated systems, or the need for significant renovations to meet modern standards.
Subpar School Ratings: The local middle and elementary schools have low ratings (2 and 3 respectively), which could be a deterrent for families with children and impact long-term property value appreciation.