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1340 Mt Pisgah Rd
Walnut Creek, CA 94596 Downtown Walnut Creek

$4,200,000 USD

Apartments For Sale • 8,876 SF

Property Details

Property Type Apartments
Total Building Size 8,876 SF
Lot Size 0.26 AC
Building Class C
Year Built 1966
Cap Rate 5.20 %

44 Transit Score

95 Walk Score

                
                    Highlights
                
                                Rare Opportunity to Acquire a Downtown Walnut Creek Multifamily Investment Property
                            
                                Turnkey Property w/Nearly $510K Spent on Capital Improvements Including New Roof (2016), Seismic Retrofit (2015), & Renovations on All Apartment Units
                            
                                Steps From Broadway Plaza, One of The Bay Area’s Most Visited Premier Luxury Shopping Centers
                            
                                The Average Rent in Walnut Creek is Among the Highest in the East Bay while still providing a Significant Discount to Other Bay Area Cities
                            
                                Excellent Historical Rent Growth which is Expected to Continue for the Foreseeable Future
                            
                                No Local Rent Control – CA Rent Control Allows for Annual Rent Increases of 5% + Local Area CPI

Financial Summary (Proforma)

Net Operating Income: $218,282 USD (2025)

Cap Rate:	5.20 %
Total Expenses:	$120,244 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Roadside Solutions

Amenities

Air Conditioning
Balcony
Dishwasher
Disposal
Laundry Facilities
Storage Space
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Dining Room
Double Pane Windows
Freezer
Linen Closet
Patio
Vinyl Flooring
Private Bathroom
Quartz Countertops

Public Transportation

Transit/Subway	Drive	Walk	Distance
Walnut Creek Station (Antioch to SFIA/Millbrae - Bay Area Rapid Transit (BART), Millbrae/SFIA to Antioch - Bay Area Rapid Transit (BART), Pittsburg/Bay Point - San Francisco International - Bay Area Rapid Transit (BART))	3 min	16 min	0.9 mi
Airport	Drive	Walk	Distance
Metro Oakland International	33 min	-	23.9 mi
San Francisco International	51 min	-	35.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	Covered
Included in Rent:	Yes

Keith Manson 415-244-6300 Cushman & Wakefield

1340 Mt Pisgah Rd Walnut Creek, CA 94596 Downtown Walnut Creek