Chateau Lacassie 1730 Lacassie Ave 16 Unit Apartment Building $4,998,000 ($312,375/Unit) 4.13% Cap Rate Walnut Creek, CA 94596

Chateau Lacassie at 1730 Lacassie Avenue presents an exceptional investment opportunity to acquire and modernize a well-located apartment complex in one of the Bay Area’s most desirable submarkets of Walnut Creek. With significant upside potential, Chateau Lacassie is ideally positioned for a new owner’s professional reposition as a high-performing asset.

The property offers significant potential for revenue enhancement through banked rent increases, allowing a new owner to quickly boost income. With no local rent control ordinance, the AB 1482 restrictions permit annual increases of 5% plus local CPI totaling 6.1% for the period from August 2025 to July 2026. There is immediate value-add potential with three vacant units ready for modern upgrades that can command premium rents. Additionally, as the remaining 13 units are renovated, similar modernization can help elevate rents to market levels, unlocking the full income-producing potential of the property.

Nestled in the heart of Walnut Creek, this property offers unparalleled access to premier retail and shopping experiences. Just steps away from the bustling Broadway Plaza, a popular open-air shopping destination featuring high-end stores like Nordstrom, Tiffany & Co., Crate & Barrel, and Tesla, along with neighborhood favorites such as Whole Foods, Target, and the vibrant Sunday Farmers Market. Downtown Walnut Creek boasts a thriving dining and entertainment district with over 150 restaurants, cafés, and wine bars, all anchored by the Lesher Center for the Arts, which enriches the city's cultural scene with acclaimed performances. Outdoor enthusiasts will appreciate the proximity to numerous parks, including the 16-acre Civic Park and Mount Diablo State Park, as well as golf courses, aquatic centers, and the scenic 32-mile Iron Horse Regional Trail, perfect for biking and jogging.

Conveniently located minutes from Walnut Creek BART and with easy access to Interstate 680, and California State Route 24, Chateau Lacassie provides quick access to the entire Bay Area, including San Francisco, Oakland, Silicon Valley, and major international and domestic airports. Additionally, the area is home to major employers, including Kaiser Permanente, John Muir Health, Bass Medical Group, Mercedes-Benz, Robert Half, AAA, and Chevron, which ensures a strong employment base and consistent rental demand. The property is also situated within a top-ranked school district, known for its high educational attainment.

Walnut Creek is an affluent community characterized by high median household incomes and property values, a high percentage of residents in management and professional occupations, and a significant population of wealthy residents. In 2025, the population exceeded 70,966 residents, with a median household income of $135,665. Most occupations in the area involve management, business operations, and sales-related roles. Walnut Creek is often regarded as a wealthy retirement town, with a median age of 46.1 years, and 56.4% of households include families. The surrounding area is highly educated, with nearly 70% of adults holding a bachelor’s degree or higher, substantially higher than the national average. Don’t miss this rare opportunity to invest in Chateau Lacassie, a one-of-a-kind Walnut Creek property with outstanding value-add potential and strong market fundamentals.