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Off Market
1/7

6450 Marsh Creek Rd
Clayton, CA 94517


HIGHLIGHTS

  • Suburban Market
  • Close in Location at base of Mt. Diablo
  • Attractive Demographics

OVERVIEW

Rare Downtown Clayton fully entitled multifamily opportunity! 3.02 acre assembled land development for 81 units over three separate parcels. This 6450 Marsh Creek Rd. lot is approved for 26 units. The contiguous lot at 6170 High St.is approved for 30 units. And 6490 Marsh Creek Rd. is approved for 25 units. Adjacent 1.5 acre with custom home also for sale which will allow another 40 units or present itself for clubhouse. Total acreage available is 4.5 acres with potential of 127 units. New ADU law allows 6 units on top of 81 units with ministerial approval once project is complete. Senior housing, affordable housing, market rate, supportive and transitional housing. Fees are 15k per unit including water (see offering package). Project could grow to 127 units with Site Plan Review for contiguous 1.5 parcel. All environmental reports finished. Project will/should qualify for Infill Exemption since The Olivia on Marsh Creek received such evaluation. Amenity package could include incredible clubhouse with bocce, pool, gathering place which will drive rents north beyond proforma. Definitely best project in the Contra Costa County for location, future potential, and proforma returns. Apartments, Senior Apartments, Active Adult, market rate, specialty housing like memory care/assisted/independent or condos. Project could be mapped for 87 (or 127) condos as well for future sell off. Quiet, no homeless, family oriented city, parades, festivals. 7 Below market rate units for affordable housing on entire project. Construction documents are being done now. Entitlements good til March 3, 2023 (20 months left to get a permit). Building permit must be pulled by then. Contra Costa County issues building permit.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

87 Residences shovel ready

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units - Condo, Planned Unit Development

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

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APN/PARCEL ID

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