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1127 Virginia Ln 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 5.23% Cap Rate Concord, CA 94520
Executive Summary
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.
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.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $312,500 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 6,632 SF |
| Cap Rate | 5.23% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.53 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 3.32/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | M1, Concord | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 10.53 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 6,632 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 3.32/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M1, Concord |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 850 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 128-290-065-1 | Improvements Assessment | $1,051,400 |
| Land Assessment | $1,046,800 | Total Assessment | $2,098,200 |
Property Taxes
Parcel Number
128-290-065-1
Land Assessment
$1,046,800
Improvements Assessment
$1,051,400
Total Assessment
$2,098,200
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1127 Virginia Ln