The California Villas, a 35-unit multifamily complex located at 1621 Detroit Avenue in Concord, was sold for $9.15 million. The property's strategic location near major highways and retail amenities, coupled with recent upgrades, contributed to its value.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,150,000
• Units: 35
• Price Per Unit: $261,429
• Address: 1621 Detroit Avenue
• Market: Concord

Keith Manson, Mac Watson, and Zachary Greenwood from CBRE facilitated the sale of California Villas. Manson highlighted the rarity of such properties in the I-680/CA-24 corridor and emphasized its appeal in the current economic climate due to its proximity to highways and retail options.