125 Aspen DrPacheco, CA 94553

  • Land
  • 1,103 SF
For Sale
$1,290,000 View listing

Property Details for 125 Aspen Dr

Year built
1959
Lot size
0.45 AC
Property size (Sq ft)
1,103 SF
Zone code
O-1
Property type
Land
Property subtype
Commercial land
APN
125-140-005-5
APU
1251400055

Description

This exceptional 19,602 sq ft lot, located at 125 Aspen Drive in Pacheco, CA 94553, presents a remarkable multifamily development opportunity. Zoned HE-C, the property allows for an 18-unit, three-story building by right. However, a recently adopted ordinance permits expansion to a four-story structure with up to 27 units, significantly increasing potential returns. The $1,290,000 asking price translates to $65.80 per square foot. This highly desirable location boasts convenient access to major transportation arteries, including Interstate 680 and State Highway 4, placing residents within easy reach of employment centers and amenities. Less than a mile from Buchanan Field Airport, the site also benefits from proximity to Diablo Valley College, numerous schools (elementary, middle, and high), major retail establishments, and recreational facilities including parks and golf courses. The area exhibits a low crime index and a walkability score of 74. Furthermore, the high demand rental market is underscored by the fact that 59% of households within a 5-mile radius consist of one or two people. Public transportation is readily available, with the North Concord/Martinez and Concord BART stations located just 3 miles away, providing convenient access to San Francisco (43-minute commute). World-class healthcare facilities, such as John Muir Hospitals and Medical Campus, are also within a reasonable distance. This property offers a compelling investment prospect for developers seeking a prime location with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $349,689
    Hospitality
    $320,313
    Educational
    $266,497
    Medical
    $275,662
    Retail
    $414,551
125 Aspen Dr, Pacheco, California

Location Insight

City
Pacheco
County
Contra Costa
State
California
Latitude
37.9863
Longitude
-122.07
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,146
$297,138
-
$297,138
-
-
-
-

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