CA > Concord
Concord, CA 94523,1520 detroit
$10,500,000
Est. payment /mo
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1.68 Acres Lot
New

1520 detroit Concord, CA 94523

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41101840

HOA Y/N No

Lot Size 1.680 Acres

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

Zoning m

Interior

Fireplace No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

California Regional MLS (CRMLS)
Listed by Mark Traikoff • Christie's Intl RE Sereno

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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