$5,495,000
 $29,498 est/mo Sourced by Back At You

1895 San Vincente Dr,Concord, CA 94519

Concord, CA 94519

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Description

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.

Details

MLS #41146851
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1961
Days On Site67
Listing Provided ByNAI Northern California | Ethan Berger

Features

Units27
Acreage0.65

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesGas Water Heater, Dryer, Washer

Exterior

RoofComposition
Construction MaterialsStucco, Wood Siding
Lot FeaturesStreet Level

Area Information

StateCA
CountyContra Costa
CityConcord
Zip Code94519
Community NameCONCORD
Listing VS Median (in CONCORD)
Price:
$5,495,000
low | high
Med:
$737,444
100% of Average
On site:
67
low | high
Med:
31
100% of Average
Sourced by Back At You

Market Activity 94519

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyContra Costa
CityConcord
Zip Code94519
Community NameCONCORD
Listing VS Median (in CONCORD)
Price:
$5,495,000
low | high
Med:
$737,444
100% of Average
On site:
67
low | high
Med:
31
100% of Average
Sourced by Back At You
Listing Updated: October 5, 2026 at 8:10:58 AM PDT