GCM Realty is pleased to present the opportunity to acquire 1124 Lacey Ln, a 6-unit multifamily property located in the South Concord submarket of Concord, CA. Built in 1961, the property features a unit mix of one (1) one-bedroom and five (5) two bedroom units with an average rent of $1,774 per unit. Current rents are below the submarket average, presenting a strong value-add opportunity through rental increases and improved operations. The property has been under long-term
ownership and offers stable occupancy with individually metered units and a 0% vacancy rate, the asset provides stable in-place income with immediate revenue growth potential. Located in a suburban, tenant-friendly area of Contra Costa County, the property benefits from strong local demographics,
including a growing population, solid household income levels, and proximity to major employment corridors throughout the East Bay.