3483 Golden Gate Way Lafayette, CA 94549
- Apartment buildings
- 27,040 SF
- 1.11 lot acres
Current Use by Public Records
- Wei H. Lok, Lac / Acupuncturist
- Angela Laporta, CMT / Doctor / Massage Therapist
- your perfect smile / Medical Clinic
- Golden Gate Plaza / Shopping Mall / Plaza
- New Expressions-Beautiful Nail / Nail Salon / Beauty Salon
Property Details for 3483 Golden Gate Way
- Year built
- 1962
- Lot size
- 1.11 lot acres
- Property size
- 27,040 SF
- Zone code
- C1
- Property type
- Apartment buildings
- APN
- 243-232-027-9
- APU
- 2432320279
Description
This exceptional 1.47-acre development site in Lafayette, California, presents a unique opportunity to acquire a shovel-ready, 71-unit residential project. Located at 3483 Golden Gate Way, this fee-simple property is zoned C-1 and boasts a completed design by Levy Design Partners for a four-story building encompassing 65 condominium units and 6 townhomes. The project also includes an 86-space underground parking garage, 70 bike spaces, and a new public plaza and parklette. All entitlement work and permit approvals are complete, and demolition of the existing structure is finished. A significant portion of architectural and engineering fees, permits, and city fees have already been paid by the current owner. The building will utilize Type V-A construction over a Type 1-A podium. Ten below-market-rate (BMR) units are included, with four at low-income and six at very low-income levels. This prime location offers unparalleled convenience, with walking distance access to Whole Foods, Safeway, numerous restaurants, retail shops, and BART. The larger unit sizes and inclusion of coveted townhomes make this a highly desirable development opportunity in the affluent Lafayette submarket. APN: 243-232-027/028.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,175,000
- 6.5%
- $11,760,000
- 7%
- $11,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $12,450,000
- Geo Method
- $11,430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,255,000
- Retail
- $10,585,000
- Mixed-Use
- $10,930,000
- Hospitality
- $10,525,000
- Educational
- $13,505,000
- Residential Income
- $10,950,000
- Energy
- $13,125,000
- Income-Based Land
- $10,425,000
- Food Service
- $11,275,000
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Contra Costa
- State
- California
- Longitude
- -122.116
- Latitude
- 37.8912
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA