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1520 Detroit, Concord, CA 94523
Priced at Only: $10,500,000
For more Information Call Mobile: 714.478.6676
Address: 1520 Detroit, Concord, CA 94523
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  • MLS#: 41101840 ( )
  • Street Address: 1520 Detroit
  • Viewed: 1
  • Price: $10,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 113
  • Acreage: 1.68 acres
  • Additional Information
  • County: CONTRA COSTA
  • City: Concord
  • Zipcode: 94523
  • Provided by: Christie's Intl RE Sereno
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • 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
Features
Lot Features
  1. Corner Lot
Sewer
  1. Public Sewer
Water Source
  1. Public
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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