125 Aspen Dr Pacheco, CA 94553-5615

Property Details for 125 Aspen Dr

Year built

1959

Lot size

0.45 lot acres

Property size

1,103 SF

Zone code

O-1

Property type

Commercial land

APN

125-140-005-5

APU

1251400055

Description

This exceptional 19,602 sq ft lot, located at 125 Aspen Drive in Pacheco, CA 94553, presents a remarkable multifamily development opportunity. Zoned HE-C, the property allows for an 18-unit, three-story building by right. However, a recently adopted ordinance permits expansion to a four-story structure with up to 27 units, significantly increasing potential returns. The $1,290,000 asking price translates to $65.80 per square foot. This highly desirable location boasts convenient access to major transportation arteries, including Interstate 680 and State Highway 4, placing residents within easy reach of employment centers and amenities. Less than a mile from Buchanan Field Airport, the site also benefits from proximity to Diablo Valley College, numerous schools (elementary, middle, and high), major retail establishments, and recreational facilities including parks and golf courses. The area exhibits a low crime index and a walkability score of 74. Furthermore, the high demand rental market is underscored by the fact that 59% of households within a 5-mile radius consist of one or two people. Public transportation is readily available, with the North Concord/Martinez and Concord BART stations located just 3 miles away, providing convenient access to San Francisco (43-minute commute). World-class healthcare facilities, such as John Muir Hospitals and Medical Campus, are also within a reasonable distance. This property offers a compelling investment prospect for developers seeking a prime location with significant upside potential.

Location Insight

City

Pacheco

County

Contra Costa

State

California

Longitude

-122.07

Latitude

37.9863

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments