1127 Virginia Ln, Concord, CA 94520
1127 Virginia Ln, Concord, CA 94520
1127 Virginia Ln, Concord, CA 94520
1127 Virginia Ln, Concord, CA 94520
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Vikas Shah

Vikas Shah

+1(408) 650-3463
Listed by Maurice Carbajal, DRE #01415783 • GCM Realty & Loans
$ 2,500,000
Est. payment | /mo

2 Beds

2 Baths

6,636 SqFt

Save
$ 2,500,000
Est. payment | /mo
Save

2 Beds

2 Baths

6,636 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,636 sqft

Price per Sqft $376

MLS Listing ID CC41145960

Bedrooms 2

Year Built 1965

Lot Size 0.320 Acres

Property Sub-Type Five or More Units

Source Contra Costa Association of Realtors

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.

Location

State CA

County Contra Costa

Area Concord

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate, Carpet - Partial, Vinyl

Laundry Community Facility

Exterior

Exterior Feature Stucco

Parking Features Parking Area, Spaces per Unit - >1

Garage Spaces 18.0

Building

Lot Description Regular

Others

Tax ID 128-290-065-1

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Vikas Shah

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(408) 650-3463

vikas@findbayhomes.com

2445 Augustine Dr, Santa Clara, CA 95054, USA

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1127 Virginia Ln