About 1127 Virginia Ln
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.
Features of 1127 Virginia Ln
| MLS® # | 41145960 |
|---|---|
| Price | $2,500,000 |
| Square Footage | 6,636 |
| Acres | 0.32 |
| Year Built | 1965 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1127 Virginia Ln |
|---|---|
| Subdivision | CONCORD |
| City | Concord |
| County | Contra Costa |
| State | CA |
| Zip Code | 94520 |
Amenities
| Utilities | Individual Electric Meter |
|---|---|
| Parking Spaces | 18 |
| Parking | Carports - 2 Or More, Parking Lot, Space Per Unit - 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Updated Baths, Updated Kitchen |
|---|---|
| Appliances | Disposal, Free-Standing Range, Refrigerator |
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Rectangular Lot |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | August 23rd, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Maurice Carbajal |
|---|---|
| Office | GCM Realty & Loans |