1506 Garcez Dr Dr, Concord, CA 94521 (MLS # 41153782)
Twitter
Facebook
Email
|
1506 Garcez is a well-maintained 12-unit apartment building in the city of Concord, 11 of 12 units occupied. The property has been meticulously maintained by current ownership, with recent capital improvements completed to extend the longevity of the property. The unit mix consists of ten (10) 2 bed/1 bath units, one (1) 2 bed/1.5 bath unit, and one (1) 1 bed/1 bath unit on low maintenance landscaping. Offered at $3,500,000 ($291,667 per unit) with a 6.13% cap rate and 11.20 GRM, based on gross scheduled rental income of approximately $312,500 annually and NOI of $214,667. Additional upside through leasing the vacant unit(s), unit turnover and renovation, and annual rental rate increases. The property collects laundry income, few units pay an additional $100 per month in utility reimbursement to offset water, recycling, and trash expenses. Several units have updated flooring, kitchens, bathrooms, and new appliances. Double pane windows throughout. Exterior painting and a 30-year foam roof were completed within the last 4 years. Covered and uncovered off-street parking. Tenants are separately metered for gas and electric. Just blocks from Clayton Valley Shopping Center, with close proximity to main thoroughfares through the city. Concord BART is approximately 4 miles away. Please do not disturb the tenants.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/13/2026 |
|---|---|---|---|
| TRACT | CLAYTON VALLEY | YEAR BUILT | 1960 |
| COUNTY | Contra Costa | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Gas Water Heater, Washer |
| CONSTRUCTION | Wood Siding |
| HEAT | Wall Furnace |
| LOT | 0.2982 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 12990 |
| SUBDIVISION | CLAYTON VALLEY |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/13/26 2:30 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.