SB 1211 for 24-unit apartment in Concord

Concord's SB 1211 math for 24-unit apartment owners: 8 detached ADUs (the §66323 cap), plus 6 interior conversions. Total: 14 new homes. At Concord's median rent of $2,400/mo, that's ~$403K in additional gross annual rent.

14new homes possible
8detached ADUs
6interior conversions
$403Kest. annual rent

The Concord scenario

Run it as a sequence: stabilize existing 24 units → permit 8 detached ADUs ministerially under §66314 → convert 6 interior spaces into rentable units → re-tenant at Concord medians.

Local tip for Concord: BART-adjacent demand.

Large multifamily (10+ unit) design playbook

A 24-unit complex is capped at 8 detached ADUs by statute, so the play shifts toward interior conversions: max(1, ⌊units × 25%⌋) = 6 additional units carved from common rooms, oversized lobbies, basement storage, or laundry rooms.

Pro-forma snapshot

Existing units24
Detached ADUs (SB 1211)8
Interior conversions6
Total new units14
Median 1BR rent in Concord$2,400/mo
Est. additional gross rent$403K/yr
Estimated total project cost~$2,822K
Year-1 NOI estimate~$302K
Stabilized cap rate at cost10.7%
Replacement parking requiredNo (§66313)
Approval pathwayMinisterial · §66314
Typical permit timeline in Concord70-115 days

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Other property types in Concord

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24-unit apartment owners in other Bay Area cities

24-unit apartment in San Francisco~$521K/yr rent · 90-150 days24-unit apartment in Oakland~$454K/yr rent · 70-120 days24-unit apartment in San Jose~$487K/yr rent · 60-100 days24-unit apartment in Berkeley~$470K/yr rent · 75-130 days24-unit apartment in Fremont~$487K/yr rent · 70-115 days24-unit apartment in Hayward~$420K/yr rent · 70-115 days24-unit apartment in Richmond~$403K/yr rent · 70-115 days24-unit apartment in Walnut Creek~$454K/yr rent · 75-120 days24-unit apartment in Santa Rosa~$386K/yr rent · 75-120 days24-unit apartment in Napa~$403K/yr rent · 75-120 days24-unit apartment in Vallejo~$353K/yr rent · 70-110 days24-unit apartment in Fairfield~$353K/yr rent · 70-110 days

Topics relevant to this scenario

SB 1211 setback requirementsSB 1211 height limitsSB 1211 ADU cost calculatorSB 1211 permit timelineSB 1211 and rent controlHOAs and SB 1211Financing multifamily ADUs under SB 1211HCD-approved modular ADUs