22-Unit Multifamily Investment
2354 Bonifacio St Concord CA Concord, CA 94520
2354 Bonifacio St Concord CA, Concord, CA, 94520
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For Sale
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Value-add multifamily property with ADU potential in Concord's Opportunity Zone.
Property Size19,998 SF
Days on Market172
Property Features for 2354 Bonifacio St Concord CA
General Information
- Standard status
- Active
- Size
- 19,998 SF
Building Details
- Year Built
- 1969
Listing Agency
Keller Williams Realty
(925) 210-8752
Listed by
Matt Clark · License #CalDRE #01920417
Source
Nmrk
Added: Jan 27 Checked: Jul 17 at 3:32 am
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Investment Insights
Based on property information with market context.
This 22-unit apartment complex, constructed in 1969, features a podium building design. It includes 44 secure underground parking spaces for residents. The unit mix consists of 8 one-bedroom units and 14 two-bedroom units, with an average unit size of 909 square feet, totaling 19,998 net rentable square feet. Interior features include black and white appliances, stone countertops, vinyl and carpet flooring, fireplaces, walk-in closets, and central HVAC. On-site amenities include laundry facilities, a large backyard area, and private entryways. The backyard presents potential for Additional Dwelling Units (ADUs). The property is zoned NTS (North Todos Santos) and is located in an Opportunity Zone with a 95 Walk Score. Concord, the largest city in Contra Costa County, offers a strong economy with major employers and excellent transportation options. The property presents a blank slate value-add opportunity for both interior and exterior renovations. Concord's occupancy rate is at 95.3%, with zero new market rate units under construction. The 2025-2027 year-over-year rent growth is forecast over 2.5%. The property qualifies for the Fannie Mae Natural Affordable Program and can be purchased individually or as a portfolio with Park Virginia Apartments.
Key Highlights
- Value‑add opportunity through interior and exterior renovations.
- High Walk Score (95) and desirable location in Concord.
- Strong rental market with a 95.3% occupancy rate and projected rent growth.
Property Analytics
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Bonifacio Apartment Homes
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FAQs
What type of property is this?
Apartment building - Value-add multifamily property with ADU potential in Concord's Opportunity Zone.
Where is this apartment building located?
The property is located at 2354 Bonifacio St Concord CA Concord, CA.
What are key features of this property?
This property features: Value‑add opportunity through interior and exterior renovations.; High Walk Score (95) and desirable location in Concord.; Strong rental market with a 95.3% occupancy rate and projected rent growth.
