Apartment
For Sale
$1,580,000
1124 Lacey Ln, Concord, CA 94520
Established multifamily property suited to residential income ownership in Concord.
Property Size4,039 SF
Days on Market53
Property Features for 1124 Lacey Ln
General Information
Standard status
Active
Size
4,039 SF
Property subtype
Apt Complex
Building Details
Building Size
4,039 SF
Year Built
1960
Listing Agency:
GCM Realty & Loans
Listed By:
Maurice Carbajal · License #01415783
(510) 387-7954
Source:
Annnewtoncane
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 15 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GCM Realty & Loans
Investment Insights
Based on property information with market context.
This multifamily asset is an apartment building located at 1124 Lacey Ln in Concord, California. The property was constructed in 1960 and is classified for apartment and residential income use.
The offering is available for sale. Showings are arranged by appointment, with advance coordination required before visiting the property.
The offering is available for sale. Showings are arranged by appointment, with advance coordination required before visiting the property.
Key Highlights
- 1960 construction
- Located at 1124 Lacey Ln, Concord, CA 94520
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,071
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,420
$1.3M
Cap Rate 7%
$915,300
$915.3K
Cap Rate 9%
$711,900
$711.9K
Market Conditions
NOI Build-Up for 4,039 SF
Gross rent
$122.6K $30.36/SF
− Vacancy
−$6.1K −$1.52/SF
EGI
$116.5K $28.84/SF
− OpEx
−$52.4K −$12.98/SF
NOI
$64.1K $15.86/SF
Area
Concord, CA
Vacancy
5.00%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,420
Cap Rate 7%
$915,300
Cap Rate 9%
$711,900
Alternative Uses
Best Use
Apartment 5plus
$915.3K
$800.9K – $1.07M
NOI $64,071 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$987.9K
$864.4K – $1.15M
NOI $69,151 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
Demographics for 94520, CA
38,383
Population
13,661
Households
2.8
Avg Household Size
35
Median Age
30%
College-Educated
79%
High-School Grad
9.9 sq mi
ZIP Area
3,877
Density / Sq Mi
$79,790
Median Household Income
$43,382
Median Earnings
$2,118
Median Rent
$572,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property suited to residential income ownership in Concord.
Where is this apartment building located?
The property is located at 1124 Lacey Ln Concord, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: 1960 construction; Located at 1124 Lacey Ln, Concord, CA 94520
