Sunset Pines Apartments

Property Description

Sunset Pines Apartments is a 69-unit family community in Concord, originally constructed in 1966 and renovated in 2018. Rents in Concord have risen rapidly and particularly in downtown and adjacent neighborhoods. Without Eden’s important action, properties like Sunset Pines would likely lose their naturally occurring affordability over time. The acquisition of Sunset Pines 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 Coral Court) to Eden’s growing portfolio in Concord’s Monument Corridor.

The complex sits on a 1.76-acre site with carport parking, onsite laundry, an outdoor pool, and a leasing office.