1520 Detroit, Concord, CA 94523

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1520 Detroit,Concord, CA 94523
$10,500,000
  • 1.68 Acres
  • Lots / Land
  • Active
Listed by:mark traikoff
Office:christie's intl re sereno
MLS#:41101840
Source:CRMLS

Price summary

  • Price:$10,500,000

About this home

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

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Home facts

  • Listing ID #:41101840
  • Added:99 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Lot area:1.68 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$10,500,000
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