Coral Court Apartments is a 47-unit family community in Concord, originally constructed in 1988. Rents in Concord have risen rapidly and particularly in downtown and adjacent neighborhoods. Without Eden’s important action, properties like Coral Court would likely lose their naturally occurring affordability over time. The acquisition of Coral Court is not only noteworthy in light of efforts to preserve affordability in existing multifamily complexes that are at risk of being sold to market-rate investors, but it also adds 116 units (together with Sunset Pines) to Eden’s growing portfolio in Concord’s Monument Corridor.
The complex sits on a 0.87-acre site with a fitness gym, a clubhouse meeting room, laundry room, outdoor patio and BBQ area, and a leasing office.
Number of Units
City of Concord; Enterprise Communities, Metropolitan Transportation Commission