1127 Virginia LnConcord, CA 94520
CONCORD · Contra Costa County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1965
- Living area
- 6,636 Sq Ft
- Lot size
- 0.32 acres
- Parking spaces
- 18
- Days on market
- 78
- MLS® Listing#
- 41145960
Property Features
- Appliances
- Range · Disposal · Free-Standing Range · Refrigerator
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
- Flooring
- Laminate · Vinyl · Wood
- Basement
- None
- Parking
- Parking Lot
- Laundry
- Common Area
- Lot features
- Rectangular Lot
- Construction
- Stucco
- Security
- Smoke Detector(s)
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 1282900651
Listing Courtesy: GCM Realty & Loans - 9258499244
Presented by: Maurice Carbajal
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