Homes for sale - 1520 detroit, Concord, CA 94523

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JLee Broker

JLeeRealty

[email protected] +1(650) 857-1000

Listed by Mark Traikoff • Christie's Intl RE Sereno

$10,500,000

Est. payment - /mo

1.68 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CC41101840

Lot Size 1.681 Acres

Property Sub-Type Other Residential Land

Source Contra Costa Association of Realtors

Property 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

Location

State CA

County Contra Costa

Area Concord

Zoning m

Exterior

Utilities Available Electricity - On Site, Gas - On Site

Building

Lot Description Surveyed - No, Building Pad - No, Corners Marked - No

Sewer Sewer Available, Sewer - Public

Water Public, Water On Site

Others

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1520 detroit Concord, CA 94523

JLee Broker

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