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Surrounded by highly desirable central Livermore neighborhoods with home prices approaching ±$2.0MM, 2930 Pacific Avenue is a rare, infill 115-unit townhome development opportunity in the highly coveted Tri-Valley region complete with a clubhouse, interior park, and 26,000 square feet of open space.
With entitlements underway and tentative map approval expected in fall 2025, the Property provides the opportunity to acquire a flat, regularly shaped development site within one of the Bay Area’s premier economic hubs while benefitting from minimal entitlement risk and an expedited path to final approvals.
Best-in-Class Infill Development Opportunity with Imminent Approvals
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The approximately four acres of quintessential California real estate borders the 60-acre Sorich Park, creating a seamless blend of residential living and natural open space.
Situated in San Anselmo, voted a top Marin County location, the Site offers proximity to the Red Hill Shopping Center and highly rated schools, enhancing resident convenience.
The Site’s direct connection to established trails and expansive views of Mount Tamalpais and the surrounding landscape provides residents with unparalleled access to outdoor recreation.
Irreplaceable Location Offering Quintessential Marin Lifestyle & Exceptional Natural Amenities
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INVESTMENT Highlights
Berkadia is pleased to exclusively present the opportunity to acquire 2930 Pacific Avenue (the “Property”), a best-in-class 115-unit townhome development site poised for immediate approvals in a top Tri-Valley submarket. This ±6.5-acre infill property provides future residents walkability to Livermore's thriving downtown and its appealing array of amenities, while seamlessly integrating into the highly desirable surrounding community. Situated within one of the Bay Area’s leading economic hubs, 2930 Pacific Avenue benefits from an expedited path to final approvals, positioning the project to capitalize on robust housing fundamentals driven by a booming Tri-Valley economy and projected 30% median household income growth over the next five years.
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Livermore, CA
2930 Pacific Avenue
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Scott MacDonald
Managing Director
+1 415 310 0487
scott.macdonald@berkadia.com
CA DRE #01422005
John Hansen
Director
+1 415 342 5772
john.hansen@berkadia.com
CA DRE #02078357
Brayden Joel
Senior Financial Analyst
+1 503 933 9284
brayden.joel@berkadia.com
CA DRE #02204506
Jason Parr
Senior Managing Director
+1 415 407 2106
jason.parr@berkadia.com
CA DRE #01323188
Sydney Ladrech
Associate
+1 916 677 6633
sydney.ladrech@berkadia.com
CA DRE #02126658
Brett Betzler
Senior Managing Director
+1 949 981 1196
brett.betzler@berkadia.com
CA DRE #01330214
Kaohu Berg-Hee
Senior Director
+1 808 754 30033
kberghee@berkadia.com
CA DRE #01986886
Matt McCrum
Senior Financial Analyst
+1 415 272 2924
matt.mccrum@berkadia.com
CA DRE #02143464
2930 Pacific Avenue's location is uniquely compelling compared to any of Livermore’s most recent townhome projects, providing future residents unparalleled walkability to Livermore's thriving downtown while also being integrated into an established Livermore neighborhood.
Residents will have immediate access to an appealing array of downtown amenities, including diverse restaurants, cafes, wine bars, craft breweries, boutiques, a 10-screen cinema, a 500-seat performing arts center, and a weekly farmers market, a significant lifestyle enhancement when compared to other new for-sale communities.
This prime location sits directly across from the Livermore Civic Center Public Library and is surrounded by popular public amenities, including the Bothwell Recreation Center, Arroyo Bike Trail, Livermore Canine Park, and Robertson Park. It also benefits from inclusion in the attendance zones of some of the top-performing schools in Livermore’s highly rated public school district.
Unmatched Microlocation – Direct Access to Vibrant Downtown Livermore
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The Tri-Valley is firmly established as a top employment center within the SF Bay Area, home to a diverse base of world-class innovators and industry leaders in technology, healthcare, professional services, and scientific research, including major employers such as Workday, Oracle, Roche Molecular, 10X Genomics, Stanford Healthcare, and Kaiser Permanente.
The Tri-Valley's robust and diversified economic landscape drives sustained housing demand and significant value appreciation for new developments, positioning Livermore as a dynamic tech hub in the East Bay with a projected 12% increase in tech job availabilities in 2025.
Sustained economic expansion, driven by an estimated ±2,400 new science and tech jobs at Lawrence Livermore National Laboratory since 2023, is anticipated to result in outsized income gains, with median household incomes expected to grow approximately 30% to over $204,000 within the next five years, signaling a strong and expanding base of qualified homebuyers.
Strong Demand Driven by a Thriving Tri-Valley Economy
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The Site’s unincorporated location benefits from the County of Marin's pro-development initiatives, including Housing Overlay District revisions and density bonuses, which accelerate the entitlement approval process.
Developers can bypass discretionary review by adhering to the form-based code and inclusionary housing requirement, significantly expediting the entitlement timeline.
The Site has a base density of 74 units, with the potential to increase to up to 111 units through density bonuses, leveraging recent environmental impact reports and state density law.
Streamlined Entitlements via Strategic Development Advantages
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