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
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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