Property Overview:
1835 Robin Ln, Concord, CA 94520 is a multifamily apartment complex built in 1969, featuring 11 units of 2 bedrooms and 2 bathrooms each. The property spans three buildings with a combined 9,148 sq. ft. on a 22,216 sq. ft. lot. Each unit includes a balcony or ground floor patio, and the property offers both covered and uncovered off-street parking.
Investment Highlights:
- Unit Mix:
- Eleven (11) 2BR/2BA units
- Five units fully renovated
- Individually metered for gas and electric
- Ancillary Income:
- Onsite laundry facilities
- Available storage lockers
- Manager’s office space and storage shed
- Recent Capital Improvements:
- Exterior painting
- Double pane windows throughout
- Perimeter fencing repairs
- New laundry machines
- Rebuilt storage lockers
- Striped assigned parking spaces
- Cash Flow & Upside:
- Day one cash flow
- Upside with annual rent increases
- Located in a city with high allowable annual rent growth in the East Bay
- Market Performance:
- Concord/Pleasant Hill submarket rents are 49% higher than 10 years ago
- Outpaces metro average rent growth (35.5% over 10 years)
- Stable fundamentals due to limited new supply and steady demand
- Benefited from population growth and migration to affordable suburbs
Unit Features & Amenities:
- Spacious rooms with ample living space
- Abundant kitchen cabinets for storage
- Gas stove, oven, and refrigerator included
- Private balcony or patio for each unit
- Low maintenance landscaping
- Water and trash: Flat rates ($25/person for water, $25 for garbage)
- Off-street parking (covered and uncovered)
- Onsite laundry and storage lockers
Lease & Application Details:
- Immediate move-in available
- One-year lease, then month-to-month
- Best-qualified applicant selected based on credit, income, and move-in date
- Application fee: $30 per adult
- Screening includes:
- Credit and background check
- Rental reference
- Employment and income verification
- Income requirement: 3x rent
- Security deposit: One month’s rent
- Professionally managed by Superior Homes and Properties
- Online rent payments and maintenance requests
Location Benefits:
- Very Walkable (Walk Score: 78)
- Commuter-friendly:
- Close to CA-242
- Less than 2 miles to Downtown Concord BART and Todos Santos Plaza
- Strong rental demand due to proximity to transit, jobs, and amenities
Summary:
1835 Robin Ln offers a turnkey investment opportunity with immediate cash flow, renovated units, and significant upside in a high-growth East Bay market. The property’s location, amenities, and recent upgrades make it attractive for both residents and investors seeking stable returns and long-term appreciation.