- For Sale $2,975,000
- Property Type VacantLand
- Property Size 876 SF
- Lot Size 3.9 Acre
- Year Built 1949
- Date Updated Jul 31, 2026
Description
The property is situated in a supply-constrained residential market approximately 1.5 miles from downtown Walnut Creek and Broadway Plaza retail corridor. Nearby regional transit access includes Walnut Creek BART and highway connectivity via I-680 and SR-24, supporting broad market reach. The surrounding neighborhood features top-rated schools, healthcare facilities including John Muir Medical Center, and cultural amenities. 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.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.
Highlights
- AL/MC program referenced in data room pending verification of approval status with the City.
- Clear by-right envelope General Plan SFM (3.16.0 du/ac) supports up to 23 single-family or
- Documented path to density PRT26-024 (June 2026) in hand, defining the exact approval
- duet homes through Design Review and subdivision with no GPA or rezone required.
- Investment Highlights
- provided up front; buyers can underwrite with certainty, not assumptions.
- Scarce large-acreage infill one of the few remaining ±4-acre residential development sites in
- Senior housing demand affluent, aging trade area with limited competing inventory. Prior 95-unit
- sequence: GPA to Multi-Family Medium, Rezone, and State Density Bonus for buyers pursuing 45+
- Transparent diligence package full City PRT letter, parcel data, and engineering considerations
- units. SB 330 preliminary application available to vest standards at submittal.
- Walnut Creek, minutes from downtown, Broadway Plaza, and BART.
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Contacts
Brian Merrion
eXp Commercial
Location
Located at 2641 Larkey Ln, Walnut Creek, CA 94597, this property is part of the Palos Verde neighborhood and Bay Area market.
Contact Listing Broker
Brian Merrion
eXp Commercial