1920 Camino Verde 3 Unit Apartment Building $2,310,183 CAD ($770,061 CAD/Unit) 4.12% Cap Rate Walnut Creek, CA 94597

Diablo Pines Apartments, located at 1920 Camino Verde, Walnut Creek, is an immaculate, well-located, multi-family property that has been carefully maintained and has now been brought to market for the first time in a decade. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Walnut Creek. The property is close to 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 Larkey Park/Pool, Civic Park, and Shell Ridge Open Space.
The units have been completely remodeled and feature designer kitchens and baths, solid surface counters, stainless appliances, new fixtures, recessed lighting, high end window coverings, baseboards, paneled and mirrored doors, LVP flooring and carpeted bedrooms, ceiling fans, tiled tub enclosures and many other high quality improvements.
The one and two-story property features uncommon construction details that include concrete slab foundations, low maintenance stucco and wood exteriors, pitched composition shingle roofs, carports, washer/dryer units in two of the homes, fireplaces, central heat and air conditioning, patios and separate meters for gas and electricity. The property has well-designed floor plans and a mix of easy to rent units:
3BR / 2BA - 1,158 s.f. +/-
(2) 2BR / 1BA – 855 s.f. +/-
One of the most unique and rare features of the property is the fact that it is part of the Diablo Pines Apartment complex, so the residents have access to the sparkling pool, beautiful grounds and laundry facilities. The owner’s association is responsible for the pool and laundry facility.
The units have been updated in the past several years including new flooring, updated cabinetry and vanities, solid surface counters, stainless steel appliances, window coverings, moldings, bathrooms, doors and fixtures. The units present extremely well and have proved easy to rent.