1327 Montego - Apartments FOR SALE


Walnut Creek, CA 94598- San Marcos
$1,795,000 USD
925-988-0502
1327 Montego, Walnut Creek, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/34
null | 4% Cap Rate

1327 Montego
Walnut Creek, CA 94598
San Marcos


HIGHLIGHTS

  • Rarely available property in sought after complex in one of Walnut Creek's best locations
  • Desirable and easy to rent large townhouse units
  • Washer/dryer units, fireplaces, central heating and air, granite counters, LVP, tile and updated carpeting, ceiling fans, paneled and mirrored doors
  • Low maintenance stucco exteriors with pitched tile and flat roof

OVERVIEW

San Marco Apartments, located at 1327 Montego, Walnut Creek, is an immaculate, well-located, multi-family property that has been carefully maintained and has now been brought to market for the first time in a decade. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Walnut Creek. The property is close to BART, shopping, cafes, and coffee shops in Downtown Walnut Creek as well as highly rated schools. The property is also close to Highways I-680 and 24 and provides access to recreational facilities such as Heather Farm Park/Pool, Civic Park, and Shell Ridge Open Space. The two-story property features uncommon construction details that include concrete slab foundations, low maintenance stucco exteriors, pitched tile and flat roofs, carports, individual water heaters, washer/dryer units, fireplaces, patios and separate meters for gas and electricity. The property has well-designed floor plans and a mix of easy to rent units: (3) 2BR / 1.5BA of 1,137 s.f. +/- One of the most unique and rare features of the property is the fact that it is part of the San Marco Apartment complex, so the residents have access to the sparkling pool and beautiful grounds. The owner’s association is responsible for all common area maintenance including landscaping, driveways and parking lots, carports, pool, laundry building, and sidewalks. For an additional fee, property management is available as well. The units have been updated in the past several years including new flooring, updated cabinetry and vanities, granite counters, appliances, window coverings, moldings, bathrooms, doors and fixtures. The units present extremely well and have proven easy to rent. PROPERTY DETAILS ADDRESS - 1327 Montego, Units 73,74 & 75. Walnut Creek, CA 94598 LAUNDRY - Washer/dryer units provided by owner. SIDING - Stucco ASSESSOR’S PARCEL NUMBER - 140-350-020-8 BUILDING SQ. FEET - 3,412+/- s.f. (per Contra Costa County) APPROXIMATE LAND - 2,861+/- s.f. (per Contra Costa County) YEAR BUILT - 1969+/- (per Contra Costa County) PARKING - Carports PG&E - Separately metered, paid by residents WATER - Separately metered, paid by HOA [convert to resident reimbursement] TRASH - Paid by HOA [convert to resident reimbursement] FOUNDATION - Concrete slab ROOF - Pitched tile and flat tar & gravel HVAC - Central heating and air conditioning

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$526 USD /SF

# OF UNITS

3

PRICE/UNIT

$598,333

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Marco Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,881 SF

ZONING

MF

APN/PARCEL ID

140-350-020-8

ASK ABOUT THIS PROPERTY

Shawn WillisIncome Property Services A.G.More Info
925-988-0502

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Shawn WillisIncome Property Services A.G.More Info
925-988-0502

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