WALNUT CREEK, CA - CBRE arranged the sale of California Villas, a 35-unit multifamily community in Concord, Calif. A private buyer purchased from a local private investor for $9.15 million.
CBRE’s Keith Manson, Zachary Greenwood and Mac Watson represented the seller.
“Multifamily properties of this size rarely become available in the I-680/CA-24 corridor. For the last two years, only seven multifamily communities built before 2000, with 30-100 units, have traded in the I-680/CA-24.
Dozens of renters and advocates gathered in Concord Sunday to voice their opposition to a challenge of the city's new rent stabilization and just cause.