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3659 Happy Valley

Lafayette

3659 Happy Valley

Style

Unimproved Land

Zoning

R-40

Year built

1938

Existing

1 building

Interior

2,788 sf

Lot size

40,359 sf

$1,350,000

For Sale

Development Scenarios

Here's how you can use existing housing laws to add more housing units to this property. For illustrative purposes only, as actual site conditions should be verified in person.

Single-Family or Multi-Family Homes on Separate Lots

Add 1-10 potential units
$451K-$7.8M estimated cost
$709K-$14.4M future value add

Single-Family Homes and ADUs on Separate Lots

Add 1-4 potential units
$837K-$2.4M estimated cost
$1.5M-$5.2M future value add
Loading infill model...

Density level

Density controls will appear after the model finishes loading.

You can demo a structure as long as its vacant / condemned / owner-occupied, has been off the rental market for 5 years, and has no Ellis act evictions in the past 15 years.

Generating the lot configuration for this scenario and density...

Financials

These estimates model the potential development economics for this scenario using local construction costs and comparable sale prices. They're provided for illustrative purposes only and aren't financial advice.

Selected ScenarioSB 1123
Estimated Project Cost
$1,841,863
SB 1123 scenario · 1 new unit · 800 new sf
Build Cost / SF
$
SB 1123 build cost$451,363
25% of project cost
Property acquisition$1,390,500
75% of project cost
Estimated Project Value (2 Year)
$2,058,800
$2,058,800 1-year project value ·
11.8% total ROI
$216,937 potential ROI
Added scenario value$708,800
34% of completed value
Current property value$1,350,000
66% of completed value
Acquisition75%
Soft Costs5%
Hard Costs19%
Value Projections
Today list price$1,350,000
24-month added value$708,800
24-month project value$2,058,800
Potential ROI$216,937
Assumptions
Current sale / sf$484
Average sale / sf$886
Annual growth0.0%
Comp bedrooms1
Comp radius5 miles
Price / sf sourceAverage sold comps
Added sqft800 sf
Cost Breakdown

Unit Economics
Original Property
Acquisition only
Build New Homes
Soft + hard costs
All-In
Total project
# of original homes
N/A
# of new homes
1
Total homes
1
Per Home
N/A
Per Home
$451K
Per Home
$1.84M
# of original sq ft
2,788
# of new sq ft
800
Total sq ft
3,588
Per Sq Ft
N/A
Per Sq Ft
$564
Per Sq Ft
$513
Total
$1.39M
Total
$451K
Total
$1.84M
Financing Estimate
Construction Loan

Estimate construction proceeds, cash required, and interest-only payments.

Construction Estimate
Loan Proceeds
Construction basis
Soft + hard costs
$451K
Loan proceeds
65% loan-to-cost
$293K
Cash required
Unfinanced development cost
$158K
Monthly payment
Interest-only estimate
$3K

Timeline

Typical project phasing based on the selected scenario, density, and generated development scope.

Estimated Total Duration

15 months

SB 1123

Design

Concept design, site planning, and early coordination.

2 months

Month 1 - Month 2

Permitting

Planning review, entitlement approvals, and building permits.

4 months

Month 3 - Month 6

Site Work

Utility coordination, grading, and site preparation.

2 months

Month 7 - Month 8

Construction

Vertical construction through final inspection.

7 months

Month 9 - Month 15

Property Overview

MLS: bridgeMLS

Property information from bridgeMLS

Listed by Marcela Simonkova · David Lyng Real Estate

bridgeMLS © 2026. Information Deemed Reliable but not Guaranteed. This information is being provided by bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 28, 2026 at 11:18 AM PDT.

Location

Data from Type Five
Jurisdiction
Lafayette
Zoning
R-40
Overlay Districts
-
Climate Zone
Zone 12
Transit Access (1/2 mi)
Yes (Lafayette BART · 0.31 mi)

Natural Hazards

Data from Type Five
Flood Zone
X
Liquefaction Risk
Yes
Landslide Risk
No
Fault Zone
No

Fire Risk

Data from Type Five
Fire Hazard Zone
Very High Fire Hazard Zone
Fire Responsibility
LRA
Wildfire Protection Req.
Yes