For Sale
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3746 Mt Diablo BlvdLafayette, CA 94549

1.91 Acres, 155+ Units Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 1.91-acre property in Lafayette, CA, presents a unique mixed-use development opportunity. Located in the desirable West End District, the site boasts a prime location near restaurants, retail, the Lafayette Reservoir, and Oakwood Athletic Club. Currently zoned C (General Commercial), the property offers significant upside potential with a new 60 units per acre density allowance, allowing for approximately 114 to 155 units (with a potential 35% state density bonus). The existing approximately 48,000 square feet of office space is approximately 60% leased, generating substantial income while entitlements are processed. This represents the largest contiguous parcel of unentitled land in this ultra-premium submarket, offering a covered land play with strong underlying fundamentals. Easy access to Highway 24 and BART provides convenient connectivity. The fee-simple ownership and APN 241-010-047/048 further enhance this compelling investment opportunity. The property includes 155 units across multiple buildings, classified as Class B. This is a rare chance to capitalize on the revitalization of Lafayette's West End and the high demand for housing in this affluent community. The property consists of a multifamily component, office space, and land, offering flexibility for a variety of development scenarios.

Highlights

  • Prime Downtown West End location, walkable to amenities.
  • 1.91-acre site, largest contiguous unentitled parcel in Lafayette's premier submarket.
  • C-zoned, allowing for high-density development (up to 155 units with density bonus).
  • Existing 48,000 SF office building, ~60% leased, provides immediate income.

Property Details for 3746 Mt Diablo Blvd

Property type
Office properties, Mixed-use properties
Class
B
Lot Size (sq. ft)
83,200 SF
Units
155

Location Insight

City
Lafayette
County
Contra Costa
State
California
Latitude
37.89007672061
Longitude
-122.13391141812
3746 Mt Diablo Blvd, Lafayette, California

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3746 Mt Diablo Blvd
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