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Investment Highlights

  • Entitled 3.9-acre infill site approved for a 95-unit Assisted Living and Memory Care community.
  • Prime infill location in a highly desirable Bay Area community with persistent senior housing demand.
  • High barriers to entry support long-term asset value and market stability.

Executive Summary

Discover the vibrant surroundings of the property in Walnut Creek, CA, 94597. Enjoy convenient access to notable destinations such as Broadway Plaza, offering upscale retail and dining experiences. The location is also near the Lesher Center for the Arts, providing cultural enrichment and entertainment options. With its proximity to beautiful parks, top-rated schools, and a thriving business community, Walnut Creek presents a compelling investment proposition for Land and Office investors looking for a dynamic and prosperous locale.

Property Facts

Price $4,290,710 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Community Centre
  • Master Planned Community
  • Planned Unit Development
  • Public Park
  • Single Family Development
Total Lot Size 3.90 AC
Zoning PD - 2641 Larkey Lane offers 3.9 acres of prime infill land, zoned PD and a potential opportunity for a Senior Housing development site.

1 Lot Available

Lot 7

Price $4,290,710 CAD
Price Per AC $1,100,182.02 CAD
Lot Size 3.90 AC

Discover the vibrant surroundings of the property in Walnut Creek, CA, 94597. Enjoy convenient access to notable destinations.

Description

2641 Larkey Lane offers 3.9 acres of prime infill land—positioning you to move forward with clarity and confidence. High barriers to entry protect future value, while the infill location ensures lasting desirability. This is a rare chance to deliver much-needed senior housing in one of the Bay Area’s most sought-after communities. Rare senior housing land opportunity in a supply-constrained market * Entitlement momentum in place – Defined approval pathway significantly reduces development risk * Supply-constrained Bay Area market – Limited competing senior housing inventory * Strong demographic tailwinds – Affluent, aging population driving long-term demand * Efficient, financeable scale – 95 units optimized for construction feasibility * Multiple exit strategies – Build-to-hold, recapitalize, or sell stabilized asset

Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
171-150-001-5
Land Assessment
$1,203,518 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,203,518 CAD
  • Listing ID: 39544282

  • Date on Market: 2026-02-23

  • Last Updated:

  • Address: 2641-2643 Larkey Ln, Walnut Creek, CA 94597

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