1127 Virginia Ln, Concord, CA 94520
- $2,500,000
Listed by Maurice Carbajal, (510) 387-7954 from GCM Realty & Loans
(If provided) CoList: from
- List Price
- $2,500,000
- MLS#
- CC41145960
- Status
- ACTIVE
- Lot Size
- 13,939
- Listing Area
- Concord
- Year Built
- 1965
Property Description
1127 Virginia Ln is an 8-unit, 100% occupied multifamily asset in Concord priced at $312,500 per unit. In-place rents average $2,472 per month against $2,650 market rent. The deal trades at a 5.23% in-place cap rate (10.53x GRM). The unit mix is uniform: eight 910-square-foot two-bedroom, two-bath residences, most with updated kitchens and/or bathrooms. Built in 1965, the property sits on a 13,939 SF lot with 6,636 square feet of building and 18 surface parking spaces. The property has direct access to Interstate 680 and proximity to HIghway 242, 4 and 24; the Benicia Bridge, connecting tenants to Orinda, Walnut Creek, Danville and the broader Bay Area. Concord BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.
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Additional Information
- Acres
- 0.32
- Amenities
- None
- Cooling System
- Window / Wall Unit
- Exterior Features
- Stucco
- Floor Covering
- Laminate, Carpet - Partial, Vinyl
- Garage Parking
- Parking Area, Spaces per Unit - >1
- Heating System
- Wall Furnace
- Laundry Facilities
- Community Facility
- Lot Description
- Regular
- Lot Size
- 13,939
- Neighborhood
- Concord
- Numberof Units
- 8
- Unincorporated Yn
- Yes
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