1150 Lincoln Ave 8 Unit Apartment Building $2,895,000 ($361,875/Unit) 4.27% Cap Rate Walnut Creek, CA 94596

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.