# House Hacking in Concord (94520): CNWS 12,272-home reuse over an in-ZIP BART station · The Rent Hacker > Concord 94520 for house hackers: The metro's single largest catalyst, the Concord Naval Weapons Station reuse, fronts an in-ZIP BART station in a $737K market Canonical: https://therenthacker.com/house-hacking/concord-94520/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [East Bay guide](/house-hacking/east-bay/) · Tier S · Rank #1 of 87 # House hacking in Concord (Central / Monument / downtown BART). The metro's single largest catalyst, the Concord Naval Weapons Station reuse, fronts an in-ZIP BART station in a $737K market: engineered growth at an entry-level basis. ## What's actually happening in 94520 - Term sheet approved; ~40-yr build-out Concord Naval Weapons Station (CNWS) reuse: 2,422 acres, 12,272 homes (25% affordable), 6M sqft commercial, 800+ acres of parks, Brookfield as master developer. Navy Term Sheet approved May 26, 2026 ($4.6M down plus four $10M deferred payments); Specific Plan/EIR/DDA early 2027 on a ~40-year build-out. First phase anchors at North Concord/Martinez BART, in-ZIP. [Concord Reuse Project / Contra Costa News](https://www.concordreuseproject.org/) - Operational Concord and North Concord/Martinez BART, both in-ZIP (Yellow line, about 35 minutes to Oakland and 45 to SF); the West Plaza access upgrade delivered mid-2026. [BART FY25 Capital Investment Plan](https://www.bart.gov/sites/default/files/2024-10/Final%20FY25%20Capital%20Investment%20Plan%20-%20October%202024.pdf) - Existing anchor John Muir Concord hospital in-ZIP (247–276 beds, part of a ~6,400-employee system with Walnut Creek), plus the downtown office cluster at the BART hub. John Muir Health (ZIP evidence cache) - Under construction / delivered Downtown Concord high-density pipeline: Blue Oak Square (181 units, ~$116M), Concord Village (230), The Grant (228), The Asbury (183). [Pioneer Publishers](https://pioneerpublishers.com/high-density-projects-bring-needed-housing-to-downtown-concord/) - Approved AFFH Overlay: about 20 acres at 60 du/ac (~1,000 units) approved Feb 24, 2026, plus an ADU rebate of up to $15,000. [Contra Costa News](https://contracosta.news/2026/01/26/concord-set-to-talk-furthering-fair-housing-overlay-district-1000-more-housing-units/) ## The numbers Median price ~$737K (Movoto/HomeLight, May 2026) Market rent Concord $2,295/mo (flat YoY, Zumper, Jun 2026) Property tax (Contra Costa County) ~1.29% effective (Concord; JVM new-purchase 1.15–1.30%) Per-bed rent band $850–1,150/mo per bed ADU rent band $1,900–2,400/mo Whole-home rent band 2bd $2,300 / 3bd $2,800 whole-home Underwriting vacancy 5% underwriting vacancy Appreciation scenarios 1.5 / 3.0 / 4.5 %/yr (conservative / base / upside) Contra Costa county median sale $760K, +2.6% YoY, 48-day DOM. Appreciation basis: CNWS counted as long-run tailwind only; 1950s–70s stock at mid capex, with the ADU rebate as an offset. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94520 4 buildings in 94520 carry a record. 0 beat renting and index funds; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [1220 Walters Ct](/property/rh-jymxxz/1220-walters-ct/) 2 units · $749,000 −$328,702 S&P 500 Underwritten — the index wins at our defaults [2542 Camara Cir](/property/rh-m3sw48/2542-camara-cir/) 4 units · $1,300,000 −$1,209,268 S&P 500 Underwritten — the index wins at our defaults [2548 Camara Cir](/property/rh-g1nh7e/2548-camara-cir/) 4 units · $1,300,000 −$1,209,268 S&P 500 Underwritten — the index wins at our defaults [2561 Camara Cir](/property/rh-zm71ge/2561-camara-cir/) 4 units · $1,300,000 −$1,209,268 S&P 500 Underwritten — the index wins at our defaults The full [board](/board/) shows every region's current week; this table is every record we hold for 94520, newest basis first. ## The house-hack angle Best S-tier price-to-transit ratio in the metro. SFH-with-ADU and small multifamily near Monument Blvd; room-by-room to BART commuters and John Muir staff. The AFFH and ADU-rebate stack lowers the ADU-add cost. ## What breaks it - CNWS delivers over decades; the near-term thesis is BART plus hospital plus downtown infill, with CNWS as long-run tailwind - Monument corridor tenant-income sensitivity - Verify each downtown project's lease-up before crediting the pipeline This page is the standing analysis. The weekly part, actual Concord-area listings that pass the math, lands on the East Bay board every Wednesday. [This week's East Bay board](/board/sf-east-bay/) [This week's East Bay board](/board/sf-east-bay/) · [Read past East Bay issues](/issues/sf-east-bay/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-04, catalysts re-verified 2026-07-15. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, week of 2026-07-02). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.