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Property profile & analytics
FOR SALE
Apartment buildings

3483 Golden Gate Way Lafayette, CA 94549

27,040 SF 1.11 ac lot Built 1962
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US10-2858550
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1962
Total area 27,040 SF
Lot 1.11 ac (48,164 SF)
Zoning code C1
APN 243-232-027-9
UPID US10-2858550
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wei H. Lok, Lac Alternative Medicine Practice Acupuncture
  • Angela Laporta, CMT Physician
  • your perfect smile Medical Clinic
  • Golden Gate Plaza Shopping Center & Mall
  • New Expressions-Beautiful Nail Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.20M
CAP Approach CAP
$6.62M
Comparable Approach Comparable
$8.44M
Blend (final) Blend
$10.14M
Owner & transaction history
Madison Park Properties LLC · 3 yrs held
Madison Park Properties LLC
since 2022
Last sale
$12.0M
7 recorded transactions
2022
$12.0M
2011
Price N/A
2008
Price N/A
2008
$500,000
2006
Price N/A
2006
$7.2M
2006
Price N/A
Zoning & alternative use
C1 · Lafayette, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $11.8M +60.2%
Medical building $9.8M +33.0%
Commercial (general) $9.4M +27.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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