22-Unit Multifamily Investment
For Sale
Contact for pricing
2354 Bonifacio St Concord, Concord, CA 94520
Value-add multifamily property with ADU potential in Concord's Opportunity Zone.
Property Size19,998 SF
Days on Market217
Property Features for 2354 Bonifacio St Concord
General Information
Standard status
Active
Size
19,998 SF
Property subtype
Multifamily
Building Details
Year Built
1969
Units
22
Listing Agency:
KELLER WILLIAMS REALTY- PALM H
(925) 210-8752
Listed By:
Matt Clark · License #CalDRE #01920417
Source:
Nmrk
Added: Jan 27
Changed: Aug 31
Last Checked: Aug 31 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY- PALM H
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 94520, CA
38,383
Population
13,661
Households
2.8
Avg Household Size
35
Median Age
30%
College-Educated
79%
High-School Grad
9.9 sq mi
ZIP Area
3,877
Density / Sq Mi
$79,790
Median Household Income
$43,382
Median Earnings
$2,118
Median Rent
$572,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 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.
