$1,495,000

About this home

Exceptional opportunity to unlock the potential of this .5 acre Walnut Creek property in one of the East Bay's most desirable locations. Situated on a flat parcel, this property presents a unique opportunity for buyers, builders, developers, and investors seeking to explore California's evolving housing opportunities. The property includes an existing approximately 2,019± sq. ft. residence. The home is being offered primarily for its land value and redevelopment potential. The State of California recently (2022) enacted new developmenet laws for single family neighborhoods to help with the housing shortage by passing Senate Bill 9, Urban Housing Development, with key provisions such as to require local governments to ministerially approve, without discretionary hearings, up to two primary units per lot or an urban lot split in single-family residential zones. This essentially allows homeowners to build up to four units on a single lot. The State of California also recently (2023) enacted Senate Bill 1123 (the Starter Home Revitalization Act amendment) which streamlines the approval process for small-lot subdivisions on vacant single-family and multifamily parcels. This bill requires local agencies to ministerially approve eligible projects of up to 10 homes, entirely bypassing discretionary reviews, public hearings, and CEQA appeals. Units are intended as affordable starter homes, generally limited to a maximum of 1,750 square feet. Buyers should independently verify eligibility, zoning, development standards, density allowances, subdivision requirements, utility capacity, and all applicable state and local regulations with Contra Costa County and the City of Walnut Creek and appropriate agencies. Whether you're envisioning a custom residence, multi-parcel housing, or a long-term investment, this property offers a rare chance to capitalize on California's changing housing landscape in an outstanding Walnut Creek location. Information provided is deemed reliable but is not guaranteed. Buyer is advised to independently verify all property information, zoning, development potential, permits, utility availability, and applicability of SB 9, SB 1123, and any other governmental regulations. Property is being sold in its present condition. All photographs are protected by copyright.

Facts & features