2641 Larkey Ln

Investment Overview

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.

Investment Highlights

• 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.