1229 Boulevard Way - Apartments FOR SALE


Walnut Creek, CA 94595- Saranap Area
$3,500,000 USD
415-288-7811
1229 Boulevard Way, Walnut Creek, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/8
null | 4.36% Cap Rate

1229 Boulevard Way
Walnut Creek, CA 94595
Saranap Area


HIGHLIGHTS

  • $218,750 Price Per Unit
  • $352 Price Per SF
  • Greater than 30% in Potential Rental Upside
  • 1:1 Covered Parking
  • Easy Access Throughout the greater Bay Area via HWY 24 & I-680

OVERVIEW

1229 Boulevard is located in the Saranap submarket of Walnut Creek. The property combines suburban charm with convenient access to the urban amenities of downtown Walnut Creek, and close proximity to major transportation corridors including HWY 24 and I-680. The property comprised of two 1954 vintage apartment buildings, both offering a desirable unit mix of exclusively one-bedroom apartments. Interior finishes range from classic units to recently renovated, featuring large living room windows, unique built-in bookshelves and Moen faucets. The property offers convenient amenities including two on-site laundry facilities, privacy gating, assigned covered parking, and additional tenant storage space. This is an excellent opportunity for an investor to acquire a well-located, stable asset with potential rental upside of 20%.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

16

PRICE/UNIT

$218,750

CAP RATE

4.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,668 SF

ZONING

M-29

APN/PARCEL ID

185-370-020-9

ASK ABOUT THIS PROPERTY

Matt FlahertyColliersMore Info
415-288-7811

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Matt FlahertyColliersMore Info
415-288-7811

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