2641 Larkey Ln
- Investment Highlights
- ▪ Scarce large-acreage infill — one of the few remaining ±4-acre residential development sites in
- Walnut Creek, minutes from downtown, Broadway Plaza, and BART.
- ▪ Clear by-right envelope — General Plan SFM (3.1–6.0 du/ac) supports up to ~23 single-family or
- duet homes through Design Review and subdivision with no GPA or rezone required.
- ▪ Documented path to density — PRT26-024 (June 2026) in hand, defining the exact approval
- sequence: GPA to Multi-Family Medium, Rezone, and State Density Bonus for buyers pursuing 45+
- units. SB 330 preliminary application available to vest standards at submittal.
- ▪ Senior housing demand — affluent, aging trade area with limited competing inventory. Prior 95-unit
- AL/MC program referenced in data room pending verification of approval status with the City.
- ▪ Transparent diligence package — full City PRT letter, parcel data, and engineering considerations
- provided up front; buyers can underwrite with certainty, not assumptions.
Property Description
2641–2643 Larkey Lane offers 3.90 acres across two parcels in one of the East Bay's most supplyconstrained residential markets. The site's Single-Family Medium General Plan designation (SFM 3.1–6.0 du/ac) supports an immediate, low-friction path to approximately 12–23 single-family or duet homes through Design Review and subdivision — no General Plan Amendment or rezone required. This land asset is suitable for owner-users and developers targeting residential projects in a strong East Bay market. It offers an immediate low-friction development path for single-family or duet homes, with documented potential for multifamily or senior housing projects subject to additional entitlements. Investors can consider entitlement-contingent acquisitions leveraging the City’s preliminary review guidance.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $2,975,000 |
| Year Built: | 1949 |
| Lot Size: | 3.90 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
QOZ Development Opportunity with Future Tier 2 CCH
San Diego, California
Approved Two-Lot Subdivision | Escondido
Escondido, California
17 Units Approved & Permit-Ready | National City
National City, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout