SOLD
CBRE Sells California Villas Multifamily Complex In Concord For $9.15M
1621 Detroit Avenue
MultiFamily
Sold 17 days ago
Summary
Sale
CALIFORNIA
MultiFamily
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: 04/12/2024
ADDRESS: 1621 Detroit Avenue
MARKET: Concord
ASSET TYPE: Multifamily
BROKERS: Keith Manson, Mac Watson & Zachary Greenwood - CBRE
SALE PRICE: $9,150,000
UNITS: 35 ~ PPU: $261,429
NOTE: CBRE facilitated the $9.15 million sale of California Villas, a 35-unit multifamily complex in Concord, with Keith Manson, Zachary Greenwood, and Mac Watson representing the seller. Manson noted the rarity of such properties in the I-680/CA-24 corridor, highlighting the value of recent upgrades and its strategic location near major highways and retail amenities, which are increasingly sought after in the current economic climate.View on map
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Address1621 Detroit Avenue
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