3721 Mt Diablo Blvd Lafayette, CA 94549

Property Details for 3721 Mt Diablo Blvd

Property type

Retirement homes

Property subtype

Residential income homes

APN

241-050-015

Description

This exceptional investment opportunity presents a fully entitled development site in Lafayette, California's desirable West End District. Located at 3721 Mount Diablo Boulevard, this 13,068 square foot property (APN 241-050-015) is zoned C and offers the potential for twelve luxury condominium units. The project includes four highly sought-after penthouse units boasting expansive decks and sweeping community views. The open-plan unit designs incorporate private decks, state-of-the-art parking, communication, and security technology, and meet green building code requirements. The property's prime location offers residents proximity to restaurants, retail amenities, the Oakwood Athletic Club, and Lafayette Reservoir, while also providing easy access to Highway 24, I-680, and BART for convenient Bay Area access. The tentative map will be fully approved before the close of escrow. The seller is open to considering an outright sale or a joint venture partnership. The property's current zoning allows for potential rent/live/work use prior to construction, providing a covered land play and income generation during the permitting process. This is a rare opportunity to acquire a fully entitled development project in a highly desirable location, poised for significant returns. The asking price is $2,175,000, and the ownership is fee simple.

Location Insight

City

Lafayette

County

Contra Costa

State

California

Longitude

-122.132175

Latitude

37.8887378