1942 Desert Cor - Apartments FOR SALE


Walnut Creek, CA 94598- Outer Walnut Creek
$2,900,000 USD
925-588-9740
1942 Desert Cor, Walnut Creek, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1942 Desert Cor
Walnut Creek, CA 94598
Outer Walnut Creek


HIGHLIGHTS

  • Prime Walnut Creek Location – Quiet, established neighborhood minutes from downtown Walnut Creek, BART, I-680, and CA-24.
  • Desirable Unit Mix – Primarily 2-bedroom units plus one 3-bedroom unit appealing to long-term renters.
  • Modern interiors throughout with stone countertops, laminate flooring, recessed lighting, fireplaces, and forcedair HVAC. SB 721 compliant
  • In-unit Laundry & On-Site Pool
  • Expense-Efficient Operations – Individually metered gas and electricity, separate water heaters, and tenants pay PG&E, water, sewer, and trash.
  • Low-Maintenance Construction – Stucco exterior and pitched asphalt shingle roof minimize long-term capital needs.

OVERVIEW

Desert Cir Apartments presents a rare opportunity to acquire a 7-unit multifamily asset in one of Walnut Creek’s most desirable rental submarkets. The two-story, single-building property totals 6,052 rentable square feet and is part of a professionally maintained 72-unit community, offering tenants access to shared amenities while maintaining individual unit appeal. The property features a highly desirable unit mix consisting primarily of 2-bedroom units, including one 3-bedroom unit, appealing to families and long-term renters. All units have been recently updated, with modern interiors that include laminate flooring, stone countertops, recessed lighting, updated cabinetry, and wood-burning fireplaces. Six of the seven units include full-sized in-unit laundry, further enhancing tenant demand and retention. Operationally, the asset is investor-friendly, with units individually metered for gas and electricity and separate water heaters for each unit. Tenants are responsible for PG&E, water, sewer, and trash, minimizing owner expenses. The building features a pitched asphalt shingle roof, stucco exterior, forced air HVAC, and assigned covered parking, contributing to reduced long-term maintenance risk. The property has been inspected and certified for SB 721 compliance. Residents benefit from private balconies or patios, covered and guest parking, and access to community amenities including a swimming pool and on-site laundry facilities. The property is situated in a quiet, well established neighborhood while remaining minutes from downtown Walnut Creek’s shopping, dining, and entertainment offerings.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

7

PRICE/UNIT

$414,286

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1942 Desert Circle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-1, Walnut Creek

APN/PARCEL ID

140-040-018-8

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.