$10,500,000

1520 Detroit , Concord, CA 94523

 
Bedrooms:0 beds
Bathrooms:0 baths
Land:0 sqft
Lot:Unknown
Year Built:--
Listing Status:Active

Listing Agent

Mark Traikoff
http://www.sereno.com
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

The State Density Bonus Law could increase the maximum allowable unit count on this site. The total lot area is ±1.722 acres. At 100 units per acre, this would yield a base density of 171 units, with 26 units (>15%) designated as very-low income, a builder would potentially receive a density bonus of +50% that would increase the yield to 258 units at 150 units per acre. The new law that went into effect this year allows for a second density bonus whereby if you were to deed restrict another 26 units as moderate-income units, a second +50% bonus would be stacked on top of the first, in effect this would equal a +100% bonus allowing for 344 maximum units on the sites at 200 units per acre. Developments at this density would not be possible in wood frame construction. An alternative would be to build the units required by the City of Concord Inclusionary Housing Ordinance. For a rental project, the City of Concord requires either 10% low income or 6% very low-income units. By building these units, the project would receive all the benefits of Density Bonus law for easing entitlement (including waivers of development standards and concessions) by providing 11 very

Detailed Items

Other Information

1520 Detroit, Concord, CA, 94523 is a land listing of 0 sqft on a lot of Unknown. This land listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1520 Detroit, Concord, CA
Copyright © 2025 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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