Property profile

3483 Golden Gate Way Lafayette, CA 94549

FOR SALE
Apartment buildings
Property ID
US10-2858550
27,040 SF 1.11 ac lot Built 1962
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Acupuncture
  • Physician
  • Medical Clinic
  • Shopping Center & Mall
  • Hair Salon Nail Salon

Location

3483 Golden Gate Way Lafayette, CA 94549
Lafayette metro Census 349000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.20M
CAP Approach CAP
$6.62M
Comparable Approach Comparable
$8.44M
Blend (final) Blend
$12.57M

Owner & transaction history

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
Top alternative use upside
Restaurant $11.8M +60.2%
Medical building $9.8M +33.0%
Commercial (general) $9.4M +27.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message