The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Local Investor Pays $268k/Unit for Multifamily Asset in Concord


Civic Center Apartments, a 28-unit multifamily property in the highly sought-after downtown area of Concord, sold for $7.5 mil ($268k/unit). The asset was acquired by a local buyer, PTLA Real Estate Group.

Located at 1870 and 1880 Parkside Dr, the property is located minutes to Todos Santos Plaza and the main Concord BART station. The sale also included an adjacent 0.62-acre development site currently improved with a single-family home.

Built in 1966, Civic Center Apartments offers a unit mix of four one-bedroom/one-bath units, 20 two-bedroom/one-bath units and four three-bedroom/one-bath units. The single-family home on the adjacent parcel was built in 1948.

Rich Martini and Andrew Xie with Colliers International represented the buyer. The seller, a private investor, was a long-time owner of the property.

“The Civic Center Apartments was a unique opportunity to add-value and reposition the property. It was a perfect fit for our client, who is an experienced multifamily investment group with deep roots in the 680 corridor submarket,” noted Martini.

Return to the Archive page



The Foto Finisher


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media