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The Driftwood Apartments, a well-maintained 27-unit multifamily property offering a proven value-add strategy and continued rental upside. The property consists of 14 two-bedroom, 8 one-bedroom, and 5 studio units totaling approximately 19,035 SF on a 28,314 SF lot. Ownership has renovated 17 of 27 units with updated kitchens and bathrooms, LVP flooring, LED lighting, dual-pane windows, and upgraded electrical. Renovated units currently achieve significant rental premiums, averaging approximately $593 for two-bedrooms, $504 for one-bedrooms, and $468 for studios. Additional highlights include a 2019 PVC roof replacement, 27 parking spaces, on-site laundry, and a utility recovery program for gas, electricity, water, and trash. With proven renovations, demonstrated rent premiums, and additional units available for future upgrades, The Driftwood Apartments offers investors multiple avenues for continued income and NOI growth.

The Driftwood Apartments, a well-maintained 27-unit multifamily property offering a proven value-add strategy and continued rental upside. The property consists of 14 two-bedroom, 8 one-bedroom, and 5 studio units totaling approximately 19,035 SF on a 28,314 SF lot. Ownership has renovated 17 of 27 units with updated kitchens and bathrooms, LVP flooring, LED lighting, dual-pane windows, and upgraded electrical. Renovated units currently achieve significant rental premiums, averaging approximately $593 for two-bedrooms, $504 for one-bedrooms, and $468 for studios. Additional highlights include a 2019 PVC roof replacement, 27 parking spaces, on-site laundry, and a utility recovery program for gas, electricity, water, and trash. With proven renovations, demonstrated rent premiums, and additional units available for future upgrades, The Driftwood Apartments offers investors multiple avenues for continued income and NOI growth.

1895 San Vincente Dr, Concord

Listing courtesy of Ethan Berger from NAI Northern California. 925-588-9740

1127 Virginia Ln is an 8-unit, 100% occupied multifamily asset in Concord priced at $312,500 per unit. In-place rents average $2,472 per month against $2,650 market rent. The deal trades at a 5.23% in-place cap rate (10.53x GRM). The unit mix is uniform: eight 910-square-foot two-bedroom, two-bath residences, most with updated kitchens and/or bathrooms. Built in 1965, the property sits on a 13,939 SF lot with 6,636 square feet of building and 18 surface parking spaces. The property has direct access to Interstate 680 and proximity to HIghway 242, 4 and 24; the Benicia Bridge, connecting tenants to Orinda, Walnut Creek, Danville and the broader Bay Area. Concord BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.

1127 Virginia Ln is an 8-unit, 100% occupied multifamily asset in Concord priced at $312,500 per unit. In-place rents average $2,472 per month against $2,650 market rent. The deal trades at a 5.23% in-place cap rate (10.53x GRM). The unit mix is uniform: eight 910-square-foot two-bedroom, two-bath residences, most with updated kitchens and/or bathrooms. Built in 1965, the property sits on a 13,939 SF lot with 6,636 square feet of building and 18 surface parking spaces. The property has direct access to Interstate 680 and proximity to HIghway 242, 4 and 24; the Benicia Bridge, connecting tenants to Orinda, Walnut Creek, Danville and the broader Bay Area. Concord BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.

1127 Virginia Ln, Concord

Listing courtesy of Maurice Carbajal from GCM Realty & Loans. 510-387-7954

Well located 4-plex within a cohesive multi-building community centered around a central shared outdoor area with seating, BBQs, and a play and gathering space, offering a more unified setting than typical scattered multi-family properties. This income-producing multi-family asset is part of a collection of similarly designed 4-unit buildings arranged around common green space. Each unit offers a functional 2-bedroom, 1-bath layout with practical flow and defined living areas, supporting consistent tenant demand. Currently fully rented, providing immediate income. Ample on-site surface parking offers convenience for residents. Shared outdoor areas contribute to the overall livability of the community, creating usable space for residents. Located in Concord, the property is walkable to Costco, Las Montañas Supermarket, a local produce & seafood market, and public transportation, offering strong day-to-day convenience. Access to major commuter routes further supports long-term rental demand. A strong opportunity to acquire a fully rented income property in an established residential setting. Additional similar 4-plex buildings in the community are also available, presenting potential for expanded acquisition.

Well located 4-plex within a cohesive multi-building community centered around a central shared outdoor area with seating, BBQs, and a play and gathering space, offering a more unified setting than typical scattered multi-family properties. This income-producing multi-family asset is part of a collection of similarly designed 4-unit buildings arranged around common green space. Each unit offers a functional 2-bedroom, 1-bath layout with practical flow and defined living areas, supporting consistent tenant demand. Currently fully rented, providing immediate income. Ample on-site surface parking offers convenience for residents. Shared outdoor areas contribute to the overall livability of the community, creating usable space for residents. Located in Concord, the property is walkable to Costco, Las Montañas Supermarket, a local produce & seafood market, and public transportation, offering strong day-to-day convenience. Access to major commuter routes further supports long-term rental demand. A strong opportunity to acquire a fully rented income property in an established residential setting. Additional similar 4-plex buildings in the community are also available, presenting potential for expanded acquisition.

2548 Camara Cir, Concord

Listing courtesy of Renee White from Keller Williams Realty. 925-876-2441

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