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1465 Mt Pisgah Rd 10 Unit Apartment Building $5,188,500 CAD ($518,850 CAD/Unit) Walnut Creek, CA 94596



Investment Highlights
- Sought after, "A+" location - walk to all of the amenities of Downtown Walnut Creek
- Excellent unit mix and large, light filled units
- Substantial rent and operational upside potential
- All units recently updated throughout
Executive Summary
The Mt. Pisgah Apartments, located at 1465 Mt. Pisgah Road, Walnut Creek, is a clean, well-located, multi-family property that has been carefully maintained and is now being brought to market. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Walnut Creek. The property is within walking distance of BART, shopping, cafes, and coffee shops in Downtown Walnut Creek as well as highly rated schools. The property is also close to Highways I-680 and 24 and provides access to recreational facilities such as Civic Park and Shell Ridge Open Space.
The two-story building features uncommon construction details that include a concrete slab foundation with a portion of raised perimeter, low maintenance stucco exterior, pitched tar & gravel roof, carports, additional storage for residents, complex laundry facility, and separate meters for gas and electricity. The property has well-designed floor plans and a mix of easy to rent units:
(6) 2BR / 1BA - 960 s.f. +/-
(4) 1BR / 1BA – 750 s.f. +/-
Residents have access to the beautiful courtyard and laundry facilities.
The units have been updated in the past several years and most have new LVP flooring, updated granite countertops, stainless steel and black appliances, refaced cabinetry with new hardware, and plumbing and light fixtures including decora light switches. The bathrooms have also been updated, and most units feature paneled doors.
Walnut Creek is a highly desirable city located about 24 miles East of San Francisco. Served by public transit including BART with two stations and located at the intersection of Highway 24 and Interstate 680, the location offers close proximity to San Francisco, Oakland and most of the Bay Area. Considered a “blend of upscale suburban living with urban convenience,” the city is home to Broadway Plaza, one of the top-rated shopping centers in the Bay Area anchored by Nordstrom, Macy’s, Apple, H&M and Zara. The city has a walkable downtown area with abundant boutiques, cafes and restaurants. It is home to the Lesher Center for the Arts, which offers year-round entertainment in the form of concerts, plays and special events. The city also boasts top rated schools from elementary, middle and high schools near most neighborhoods. California State University, East Bay campus is located just a short drive from Walnut Creek as well. Despite the urban conveniences, Walnut Creek also has more than 3,000 acres of open spaces and parks including Mt. Diablo State Park, Shell Ridge, Lime Ridge and Heather Farm Park. According to Zillow, the median home price in Walnut Creek is $923,000 with an average of $1,047,000.
The two-story building features uncommon construction details that include a concrete slab foundation with a portion of raised perimeter, low maintenance stucco exterior, pitched tar & gravel roof, carports, additional storage for residents, complex laundry facility, and separate meters for gas and electricity. The property has well-designed floor plans and a mix of easy to rent units:
(6) 2BR / 1BA - 960 s.f. +/-
(4) 1BR / 1BA – 750 s.f. +/-
Residents have access to the beautiful courtyard and laundry facilities.
The units have been updated in the past several years and most have new LVP flooring, updated granite countertops, stainless steel and black appliances, refaced cabinetry with new hardware, and plumbing and light fixtures including decora light switches. The bathrooms have also been updated, and most units feature paneled doors.
Walnut Creek is a highly desirable city located about 24 miles East of San Francisco. Served by public transit including BART with two stations and located at the intersection of Highway 24 and Interstate 680, the location offers close proximity to San Francisco, Oakland and most of the Bay Area. Considered a “blend of upscale suburban living with urban convenience,” the city is home to Broadway Plaza, one of the top-rated shopping centers in the Bay Area anchored by Nordstrom, Macy’s, Apple, H&M and Zara. The city has a walkable downtown area with abundant boutiques, cafes and restaurants. It is home to the Lesher Center for the Arts, which offers year-round entertainment in the form of concerts, plays and special events. The city also boasts top rated schools from elementary, middle and high schools near most neighborhoods. California State University, East Bay campus is located just a short drive from Walnut Creek as well. Despite the urban conveniences, Walnut Creek also has more than 3,000 acres of open spaces and parks including Mt. Diablo State Park, Shell Ridge, Lime Ridge and Heather Farm Park. According to Zillow, the median home price in Walnut Creek is $923,000 with an average of $1,047,000.
Property Facts
| Price | $5,188,500 CAD | Building Class | C |
| Price Per Unit | $518,850 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 8,676 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2000 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R, Walnut Creek - Multi-family | ||
| Price | $5,188,500 CAD |
| Price Per Unit | $518,850 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,676 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2000 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | R, Walnut Creek - Multi-family |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 750 |
| 2+1 | 6 | - | 960 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 178-261-024-8 | Improvements Assessment | $4,012,920 CAD |
| Land Assessment | $2,600,680 CAD | Total Assessment | $6,613,600 CAD |
Property Taxes
Parcel Number
178-261-024-8
Land Assessment
$2,600,680 CAD
Improvements Assessment
$4,012,920 CAD
Total Assessment
$6,613,600 CAD
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1465 Mt Pisgah Rd
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