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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Travis Breton

Travis Breton

+1(760) 470-2752
$ 2,500,000
Est. payment | /mo

0.32 Acres Lot

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

0.32 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Concord

MLS Listing ID 41145960

HOA Y/N No

Year Built 1965

Annual Tax Amount $3,025

Lot Size 0.320 Acres

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

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Total Parking Spaces 18

Others

Tax ID 1282900651

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Maurice Carbajal GCM Realty & Loans #01415783

Nearby Locations

Travis Breton

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

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1127 Virginia Ln

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