3065 N Main St | Walnut Creek, CA 94597
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- LoopNet Team
3065 N Main St
Walnut Creek, CA 94597
Main Street Terrace Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Assumable In-Place Debt for Qualified Investors Far Below Today's Market Terms- 3.20% Fixed Until 11/1/2026
- Turnkey Property with Over $1.4 Million Spent Including Quality Exterior Upgrades and High-End Finishes in All Unit Interiors
- Excellent Historical Rent Growth Which is Expected to Continue For The Foreseeable Future
- Fantastic Cashflow Opportunity with In-Place Interest-Only Debt Payments Until 12/1/2024
- Conveniently Located in The City of Walnut Creek, One of The Most Sought-After Locations For Multifamily Investment Property in The Bay Area
- No Local Rent Control – CA Rent Control Allows for Annual Rent Increases of 5% + CPI
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.83 AC |
| Property Type | Multifamily | Building Size | 16,360 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 2.02/1,000 SF |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 16,360 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.02/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Handrails
- Linen Closet
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Recycling
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 658 |
| 2+1 | 4 | - | 800 |
PROPERTY TAXES
| Parcel Number | 170-100-033-1 | Improvements Assessment | $4,295,084 |
| Land Assessment | $3,386,715 | Total Assessment | $7,681,799 |
PROPERTY TAXES
Parcel Number
170-100-033-1
Land Assessment
$3,386,715
Improvements Assessment
$4,295,084
Total Assessment
$7,681,799
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