1124 Lacey Ln - Apartments FOR SALE


Concord, CA 94520- South Concord | 
$1,680,000 USD
510-387-7954
1124 Lacey Ln, Concord, CA for Sale
$1,680,000 USD
Apartments - FOR SALE
1/2
null | 4.57% Cap Rate

1124 Lacey Ln
Concord, CA 94520
South Concord


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

6

PRICE/UNIT

$280,000

CAP RATE

4.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,490 SF

ZONING

M1

APN/PARCEL ID

128-290-055-2

ASK ABOUT THIS PROPERTY

Marty CarbajalGCM RealtyMore Info
510-387-7954

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Marty CarbajalGCM RealtyMore Info
510-387-7954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.