1770 Carmel Dr | Walnut Creek, CA 94596
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1770 Carmel Dr
Walnut Creek, CA 94596
Carmel Pines | 50 Value-Add Units · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire a Downtown Walnut Creek Multifamily Investment Property
- 1/2 Mile From Broadway Plaza, One of The Bay Area’s Most Visited Premier Luxury Shopping Centers
- Potential Opportunity to Convert to Affordable Housing Community to Qualify for a Property Tax Welfare Exemption
- Value-Add Opportunity with Excellent Rental Income Upside and Operational Efficiency Potential
- Potential Opportunity to Increase Unit Count Through Accessory Dwelling Unit (ADU) Conversion
- The Avg. Rent in the City of Walnut Creek is Among the Highest in The East Bay While Still Providing a Significant Discount to Other Bay Area Cities
PROPERTY FACTS
| No. Units | 50 | Lot Size | 0.80 AC |
| Property Type | Multifamily | Building Size | 34,996 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.28/1,000 SF |
| Zoning | M-1 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 34,996 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | M-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Linen Closet
SITE AMENITIES
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Disposal Chutes
- Planned Social Activities
- Smoke Free
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 50 | $2,250 | 525 |
PROPERTY TAXES
| Parcel Number | 178-360-005-7 | Improvements Assessment | $5,146,631 |
| Land Assessment | $6,023,800 | Total Assessment | $11,170,431 |
PROPERTY TAXES
Parcel Number
178-360-005-7
Land Assessment
$6,023,800
Improvements Assessment
$5,146,631
Total Assessment
$11,170,431
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