1125 Lacey Ln. & 1551 Lacey St.

1125 Lacey Ln. & 1551 Lacey St. Concord, CA 94520

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$2,150,000
Last Verified:
Jun 26, 2017

Highlights

  • Significant Rental Upside
  • Some remodeled units with newer kitchen cabinetry, appliances, and stone counter tops
  • Covered parking stall for every unit
  • Gated, remote access parking area
  • Patio or balcony space for each unit
  • Pitched roofs
  • On-site laundry

Description

The Ethan Berger and the NAI Northern California multifamily team are pleased to present 1125 Lacey Ln & 1551 Lacey St in Concord. The property consists of two 6 unit buildings on separate APN's being sold together as a package. The property offers value add potential with significantly below market rents in a NON-RENT CONTROLLED city. In total there are four 2 bedroom 1 bath units and eight 1 bedroom 1 bath units, each with one assigned covered parking stall in a gated parking area, and on-site laundry facilities. All of the units include either balcony or outdoor patio area, gas wall heaters, wall AC units, all electric kitchens, and are individually metered for PG&E.

The City of Concord is located 29 miles east of San Francisco in central Contra Costa County, in the foothills of Mt. Diablo. Concord is the largest city in Contra Costa county and provides ready access to all major Bay Area employment hubs via BART, Interstate 680, and State Highways 4, 242, and 24.


Year Built: 1962
Building Size: 8356.0sq ft
Lot Size: 0.29 acres

Map of 1125 Lacey Ln. & 1551 Lacey St., Concord, CA, 94520

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.