3621 Chestnut Street, Lafayette, California 94549, Lafayette, 94549 - 4 bed, 5 bath

3621 Chestnut Street, Lafayette, California 94549 home-pic-0
ACTIVE$2,395,000
3621 Chestnut Street, Lafayette, California 94549
4Beds
5Baths
2,203Sqft
4,550Lot
Year Built
1946
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$1,087
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509980
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,6 Pros.

In Lafayette, a distinguished East Bay enclave celebrated for its high quality of life, oak-studded hills, mild climate, and strong sense of community, 3621 Chestnut Street emerges as an uncommon multifamily offering. Multi-family properties in this area trade infrequently, given the dominance of single-family residences in the local market, making this three-unit setup a distinctive prospect for those pursuing reliable income streams or owner-occupancy in a setting of enduring appeal. Encompassing 1,426 square feet on a 4,550-square-foot lot across two stories, this duplex with a newly constructed detached ADU emphasizes privacy and functionality. The main duplex includes Unit A (2 bedrooms, 2.5 bathrooms) and Unit B (1 bedroom, 1 bathroom), each with separate entrances, in-unit laundry, upgraded bathrooms, and kitchens equipped with granite slab counters and gas cooktops. Modern conveniences such as central heating and air conditioning, a tankless water heater, and separate utility meters facilitate efficient tenant management. The detached ADU provides an additional 1-bedroom, 1-bathroom space, complemented by a large fenced yard featuring a patio and garden area for outdoor enjoyment. Ideally positioned with a Walk Score of 92/100, the property offers walkable access to downtown Lafayette's boutiques and eateries, the BART station for efficient regional travel, multiple shopping centers within 0.4 miles, top schools, freeways, and nearby recreational opportunities in Mount Diablo State Park. The Lafayette Elementary School District and Acalanes Union High School District boast exemplary schools, including Springhill Elementary, Happy Valley Elementary, and Campolindo High School, known for their outstanding performance and supportive environments. Fully leased and income-producing, Unit A is rented at $2,475 per month through October 31, 2025; Unit B at $2,300 per month through September 30, 2026; and the ADU at $2,995 per month through August 10, 2026. With Lafayette's reputation for safety, conservation efforts, and a welcoming community spirit, 3621 Chestnut Street presents a prime opportunity in a market where such properties are truly exceptional. Furthermore, the neighboring property at 3615 Chestnut Street—a modern two-unit duplex built in 2014—is also on the market, offering a rare opportunity to secure both adjacent lots for greater scale and versatility.

Nearby schools

9/10
Lafayette Elementary School
Public,K-50.3mi
9/10
M. H. Stanley Middle School
Public,6-80.6mi
10/10
Acalanes High School
Public,9-121.8mi

Price History

Date
Event
Price
10/16/25
Listing
$2,395,000
Condition Rating
Good

This property features a newly constructed detached ADU, which is in excellent condition. The main duplex units, built in 1946, have undergone significant recent upgrades, including modern kitchens with grey shaker cabinets, granite slab counters, stainless steel appliances, and upgraded bathrooms with contemporary vanities and tiled showers. Modern conveniences such as central heating and air conditioning and a tankless water heater are also present. While many areas showcase recent, high-quality renovations (likely within the last 5-10 years, as evidenced by the modern styles and LVP flooring), one image shows a carpeted bedroom with an older ceiling fan, suggesting not all areas of the original duplex have been fully renovated to a 'virtually new' standard. Therefore, the property is move-in ready with extensive recent updates, but the underlying older structure and some less-updated elements place it firmly in the 'Good' category, bordering on 'Excellent' due to the new ADU and comprehensive renovations in key areas.
Pros & Cons

Pros

Great Schools: Elementary School: Lafayette Elementary School (9/10). Middle School: M. H. Stanley Middle School (9/10). High School: Acalanes High School (10/10).
Exceptional Location & Amenities: Situated in Lafayette, a distinguished East Bay enclave, the property boasts a Walk Score of 92, offering walkable access to downtown boutiques, eateries, BART, shopping centers, and freeways. It is also zoned for top-rated school districts (Lafayette Elementary, Acalanes Union High) and close to recreational opportunities like Mount Diablo State Park.
Strong Income-Producing Asset: This triplex is fully leased and income-producing, featuring a duplex and a newly constructed detached ADU, providing immediate and reliable cash flow for investors. The diversified unit mix (2-bed, 1-bed, 1-bed ADU) enhances its appeal.
Rare Multifamily Opportunity: Multifamily properties are uncommon in Lafayette, a market predominantly composed of single-family residences. This three-unit setup represents a distinctive and rare prospect for investors or owner-occupants seeking diversified income streams in a high-demand area.
Modern Upgrades & Tenant Comfort: Units feature upgraded bathrooms and kitchens with granite slab counters and gas cooktops, in-unit laundry, central heating and air conditioning, tankless water heaters, and separate utility meters, ensuring tenant satisfaction and efficient property management.
Versatility & Expansion Potential: The property offers flexibility for either pure investment or owner-occupancy. Furthermore, the adjacent property at 3615 Chestnut Street is also on the market, presenting a unique opportunity to acquire both lots for greater scale and portfolio expansion.

Cons

Original Construction Age: While units are upgraded and an ADU is new, the main duplex was built in 1946. This suggests the underlying structure and some systems may be older, potentially leading to higher long-term maintenance costs or less modern layouts compared to newer constructions.
Compact Unit Sizes: With a total of 2,203 square feet across three units, the individual living spaces, particularly for the 1-bedroom units, are relatively compact. This might not appeal to all prospective tenants or owner-occupants seeking more spacious accommodations.
Limited Private Outdoor Space: Despite a large fenced yard for the ADU, the overall lot size of 4,550 sqft for a triplex means that private outdoor space for each of the three units, especially the duplex units, might be limited, potentially impacting tenant appeal for those desiring more personal outdoor areas.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state