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
November 21, 2024
Updated
Map
1414 Oakland Blvd
Walnut Creek CA, 94596
Interior Features
Interior Features
Updated Baths, Updated Kitchen
Appliances
Dishwasher, Disposal, Microwave, Built-In Range, 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
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
Listed by Richard Martini with Colliers International
Listing Contact: 925-279-4614
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