3746 Mt Diablo Blvd Lafayette, CA 94549
- Office buildings
- 33,878 SF
- 1.54 lot acres
Current Use by Public Records
- Sharlene Hanaway, MFT / Family Counselor
- JULIA GLYDE STUDIOS, SUITE 101 / Business To Business Service
- Dynamic Nails / Nail Salon
- Dr. Emily Tucker, Ph.D., ABSNP / Child Psychologist
- 24 West Productions / Video Production Service
Property Details for 3746 Mt Diablo Blvd
- Year built
- 1978
- Lot size
- 1.54 lot acres
- Property size
- 33,878 SF
- Property type
- Office buildings
- APN
- 241-010-047-9
- APU
- 2410100479
Description
This exceptional 1.91-acre property in Lafayette, CA, presents a unique mixed-use development opportunity. Located in the desirable West End District, the site boasts a prime location near restaurants, retail, the Lafayette Reservoir, and Oakwood Athletic Club. Currently zoned C (General Commercial), the property offers significant upside potential with a new 60 units per acre density allowance, allowing for approximately 114 to 155 units (with a potential 35% state density bonus). The existing approximately 48,000 square feet of office space is approximately 60% leased, generating substantial income while entitlements are processed. This represents the largest contiguous parcel of unentitled land in this ultra-premium submarket, offering a covered land play with strong underlying fundamentals. Easy access to Highway 24 and BART provides convenient connectivity. The fee-simple ownership and APN 241-010-047/048 further enhance this compelling investment opportunity. The property includes 155 units across multiple buildings, classified as Class B. This is a rare chance to capitalize on the revitalization of Lafayette's West End and the high demand for housing in this affluent community. The property consists of a multifamily component, office space, and land, offering flexibility for a variety of development scenarios.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,245,000
- 6.5%
- $10,920,000
- 7%
- $9,125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,790,000
- Geo Method
- $10,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,325,000
- Retail
- $8,490,000
- Mixed-Use
- $8,080,000
- Hospitality
- $9,700,000
- Educational
- $9,845,000
- Residential Income
- $9,680,000
- Energy
- $7,790,000
- Income-Based Land
- $10,105,000
- Food Service
- $9,535,000
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Contra Costa
- State
- California
- Longitude
- -122.134
- Latitude
- 37.89
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
