1090 Mi Casa Ct Concord, CA 94518

This 64-unit, two-story garden apartment complex, constructed in 1972, comprises seven buildings. The property features a single floor plan: a two-bedroom, one-bath unit with 750 square feet, totaling 48,000 net rentable square feet. Units include black and white appliances, updated counters, white cabinets, dishwashers, wall A/C units, and a patio or deck. Community amenities include two on-site laundry facilities, a pool and pool area, a leasing office, and an open courtyard. There are 100 parking spaces, consisting of 34 surface spaces and 66 covered spaces, resulting in a parking ratio of 1.56 spaces per unit. The construction features wood siding, a pitched composition shingle roof, single-pane windows, and individual meters. Situated on a 2.30-acre parcel with a density of 28 units per acre, the property is zoned PD. Located in Concord, the largest city in Contra Costa County, the property benefits from a strong local economy supported by major employers such as Chevron, Safeway, and John Muir Health. The location offers convenient access to freeways and BART. The property presents a blank slate value-add opportunity for both interior and exterior renovations. The Concord occupancy rate is 95.3%, with zero new market-rate units under construction. Rent growth is forecast over 2.5% year-over-year from 2025-2027. There is potential for ADUs, and the property qualifies for the Fannie Mae Natural Affordable Program. It can be purchased individually or as a portfolio with Bonifacio East Apartments.