2354 Bonifacio St Concord CA Concord, CA 94520

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.