Sold

1394 Walden Rd

1394 Walden Rd, WALNUT CREEK, CA 94597

$1,000,000
INVESTORS – 1031-Exchange into this property and leverage $600,000 into $4.8-million ... $600,000 gets you into the property and the build out can be financed ... build EIGHT brand-new rentals at $435,000 per unit and get Cap-Rates of approx. 6.2% - AND - instant equity of $165,000 per unit. This can be an AFFORDABLE HOUSING project. The current house would rent for $2,500 to $3,000 per month while you are getting plans approved. Land is already zoned M-2.5 for up to 8-units. Do something unique that will get a lot of publicity for being so cool – and get you invited to do more in-fill projects. This location is awesome – walk to WC or PH BART – and easy, easy, easy access to the freeway. 20,037 square foot lot is flat. Two APN’s 172-130-015 and 172-130-016-6.

4,800 Sq.Ft. LIVING AREA

0.46 Acres lot

Kevin O'Brien

Kevin O'Brien

TITLE

Associate

Features & Amenities

Interior

  • Flooring None

Area & Lot

  • Status Sold
  • Living Area4,800 Sq.Ft.
  • Lot Area0.46 Acres
  • MLS ID40855321
  • TypeCOMMERCIAL
  • YEAR BUILT1932

Exterior

  • roofNone
  • lot featuresLevel
  • parkingOther
  • HEAT TYPENo Heat
  • AIR CONDITIONINGNo Air Conditioning
  • sewerSewer System - Public
  • other exterior FeaturesOther

Financial

  • Sales Price$1,000,000

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