1127 Virginia Ln - Apartments FOR SALE


Concord, CA 94520- South Concord
$2,500,000 USD
510-387-7954
1127 Virginia Ln, Concord, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/11
null | 5.23% Cap Rate

1127 Virginia Ln
Concord, CA 94520
South Concord


OVERVIEW

GCM Realty is pleased to present 1127 Virginia Ln, an 8-unit multifamily investment opportunity located in the South Concord submarket of Concord, CA. Built in 1965, the property consists of eight (8) spacious two-bedroom units totaling approximately 7,035 square feet. The asset is 100% occupied and providing stable in-place cash flow from day one. Situated within a designated Opportunity Zone, the property offers potential tax advantages to qualifying investors while benefiting from strong local demographics, household incomes exceeding $119,000 within a three-mile radius, and convenient access to Monument Boulevard, CA-242, and major East Bay employment centers. This offering presents investors with a well-performing, stabilized multifamily asset in one of Contra Costa County's established rental markets.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

5.23%

% 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

1965

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

M1, Concord

APN/PARCEL ID

128-290-065-1

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.