Sold

1414 Oakland Blvd

Walnut Creek CA, 94596

$3,477,500


$561.43 per sqft

Sold

6,194 sqft

Commercial

Built in 1969

Oak Terrace Apartments is an 8-unit multifamily property located at 1414 Oakland Blvd in Walnut Creek, CA. The offering affords an investor the rare opportunity to purchase a fully renovated and stabilized multifamily property in one of Walnut Creek's best locations walkable to BART and to the thriving downtown retail and dining experience. All units are 2 bed/1ba, average +-750 SF and have been substantially renovated. Professionally managed and maintained, Oak Terrace is an outstanding opportunity for investors to acquire a turn-key property with 3.0% interest only assumable financing in place until Jan. 2026, with the rate fixed until Jan. 2027. Over $6,200 in add. inc. from utility reimbursement, plus over $400k in capital improv. completed. Perfect for 1031 exchange. All units incl. dishwasher, built in microwave, wall mounted air and garbage disposal, plus quartz countertops. Upgrades to handrails, entry doors, vinyl windows and seismic upgrades have been completed.

41024793

MLS ID

April 20, 2023

Listed

October 2, 2024

Updated

Map

1414 Oakland Blvd
Walnut Creek CA, 94596

Interior Features

Interior Features

Updated Baths, Updated Kitchen


Appliances

Dishwasher, Disposal, Built-In Range, Microwave, Refrigerator, Gas Water Heater


Laundry Description

Coin Operated, Laundry Room, Laundry Equip - Leased


Floor Description

Vinyl, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Irregular Lot


Roof

Bitumen


Sewer

Public Sewer

Other Property Details

Area Name

Walnut Creek


Garage

No


Parking

Carport, Covered, Guest, Space Per Unit - 1, Uncovered Park Spaces 2


View

No


County

Contra Costa


Water Source

Public


Pool

No

Listing History

Date

Event

Price

9/11/2023

Price change

$3,477,500

-4%

9/11/2023

Sold

$3,477,500

Listed by Richard Martini with Colliers International
Listing Contact: 925-279-4614 

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