CONCORD, CALIFORNIA

4265 Clayton Rd & 1599 Denkinger Ct, Concord, CA 94521

01

Executive Summary

Berkadia presents the exclusive opportunity to acquire Diablo View & Villa Diablo (the “Property” or “Diablo View”), an 89-unit, 1980s-built multifamily community providing rare suburban walkability within a high-income East Bay submarket. Backed by durable operations, the Property is positioned to benefit from demographic tailwinds as local household incomes are projected to expand to $195,000 over the next five years. This growing affluence provides economic headroom to capture a projected 41% increase in market rents through 2036 while remaining insulated from supply-side risk. With 20% of the units remaining in classic or partially renovated condition, Diablo View provides the strategic flexibility to complete a targeted interior renovation program and unlock significant embedded upside. Combining an established and desirable suburban location surrounded by retail, restaurants, community parks, and expansive open space with convenient access to two BART stations, Diablo View is a limited-risk investment offering highly insulated yield and compelling long-term upside. 

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Price

To be determined by market  

Bid Deadline 

To be announced 

Terms of Sale 

Free & clear of existing financing  

Leasing Office Address

4265 Clayton Rd & 1599 Denkinger Ct, Concord, CA 94521

County 

Contra Costa

Year Completed  

1984 & 1986

Site Size - Acres

3.51

Site Size - Square Feet

152,896

Total Residential Units 

89

Average Unit SF

652

Net Rentable
Square Feet

57,998

Average In-Place
Rent

$2,260

Average In-Place
Rent PSF

$3.47

*Complete list of individual property addresses/APNs available in the VDR.

02

INVESTMENT SUMMARY

03

INVESTMENT HIGHLIGHTS

01

Strategic Upside Potential Shielded from Supply-Side Risk 

  • With ±20% of units remaining in classic or partially renovated condition, Diablo View provides the strategic flexibility to execute a targeted interior renovation program and capture significant embedded upside. 
  • The asset is positioned to capture strong long-term growth, supported by a projected 41% increase in market rents through 2036 within a submarket fully insulated from supply-side risk. 
  • This preferred micro-location benefits from a $135,000 median household income, reflecting the high-earning demographics of neighboring Walnut Creek and Pleasant Hill and substantially outpacing the broader Concord median of $116,000 to support sustained revenue growth. 
02

Durable Operations Anchored by Suburban Walkability 

  • Diablo View provides stable foundational performance, maintaining durable operations characterized by ±3% T-3 vacancy, effectively zero concessions, and proven RUBS and Other Income collections. 
  • The Property provides rare suburban walkability to an adjacent Safeway-anchored center and a diverse mix of surrounding retail, paired with immediate access to extensive outdoor amenities including Newhall Community Park and the 1,200-acre Lime Ridge Open Space, as well as two nearby BART stations. 
03

Superior Economic Headroom Fueled by Growing Household Incomes 

  • The Property's micro-location is projected to experience 44% household income growth, with annual household incomes forecasted to expand from $135,000 to approximately $195,000 over the next five years. 
  • These expanding local incomes create additional economic capacity within the inbound future renter pool, providing superior headroom for future rent increases without testing the ceilings of rent-to-income ratios. 
  • Diablo View provides investment capital a rare opportunity to acquire an intrinsic rental growth story with compelling demographic trends that broader city-level Concord data fails to reflect. 

04

LOCATION

06

CONTACT US

Investment Sales

Jason Parr 
Senior Managing Director 
415.407.2106 
[email protected] 
CA DRE #01323188 

Scott MacDonald 
Managing Director 
415.310.0487 
[email protected] 
CA DRE #01422005 

John Hansen 
Director 
415.3142.5772 
[email protected] 
CA DRE #02078357 

Sydney Ladrech 
Associate 
916.677.6633 
[email protected] 
CA DRE #02126658 

Kaohu Berg-Hee 
Senior Director 
808.754.0033 
[email protected] 
CA DRE #01986886 

Brett Betzler 
Senior Managing Director 
949.981.1196 
[email protected] 
CA DRE #01330214 

Mortgage Banking

Clay Akiwenzie 
Managing Director 
775.447.0595 
[email protected] 
CA DRE #01908942  

Hank Workman 
Director 
415.646.7713 
[email protected] 
CA DRE #02099264 

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4265 Clayton Rd & 1599 Denkinger Ct, Concord, CA 94521

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