1150 Lincoln Ave - Apartments FOR SALE


Walnut Creek, CA 94596- Downtown Walnut Creek
$2,895,000 USD
925-588-9740
1150 Lincoln Ave, Walnut Creek, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/13
null | 4.27% Cap Rate

1150 Lincoln Ave
Walnut Creek, CA 94596
Downtown Walnut Creek


HIGHLIGHTS

  • Prime Downtown Walnut Creek Location - 96/100 Walk Score, Easy walking distance to Supermarket, Restaurants, Retailers and Services
  • Turn Key Property, Meticulously Maintained with Key Capital Improvements
  • New Main Breaker and Subpanels in each unit, Roof Replaced in 2018, Sewer Lateral Replaced 2019
  • All 2 bedroom 1 bath units - All units have been extensively renovated
  • High Demand Rental Market

OVERVIEW

Located in a highly desirable core Walnut Creek location, this well maintained multifamily property offers an attractive combination of location, unit quality, and recent capital improvements. The property is within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART, providing residents with exceptional access to employment, retail, dining, recreation, and regional transportation. 1150 Lincoln Ave consists entirely of two-bedroom units, a highly sought-after configuration that benefits from strong tenant demand. Units have been thoughtfully updated with hard-surface flooring, refreshed kitchen cabinetry and appliances, updated bathroom fixtures, recessed lighting, and new base and crown molding. Each unit features an individual water heater, wall-mounted air conditioning, and a newly replaced wall heater. Significant capital improvements include replacement of the sewer laterals, updated electrical sub-panels and main electrical panel, and a roof replacement in 2018. Additional resident amenities include property owned coin operated washer and dryers, covered parking, and individual storage closets for each unit. With its walkable Walnut Creek location, desirable two-bedroom unit mix, extensive improvements, and proximity to BART and Downtown Walnut Creek, the property represents an attractive opportunity for investors seeking a well-positioned multifamily asset in one of Contra Costa County's strongest rental markets.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

8

PRICE/UNIT

$361,875

CAP RATE

4.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

M-1

APN/PARCEL ID

178-290-030-0

ASK ABOUT THIS PROPERTY

Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

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Ethan BergerNAI Northern CaliforniaMore Info
925-588-9740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.