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Walnut Creek Multifamily Investment Opportunity

1594 Morgan Walnut Creek, CA 94596

1594 Morgan, Walnut Creek, CA, 94596
$1,749,000
For Sale
Claim this Listing
$1,749,000

MULTI_FAMILY - Walnut Creek, CA

Property Size4,000 SF
Lot Size0.25 Acres
Price / SF$437.25
AddedMar 19
Days on Market118
Last RefreshJul 14 at 6:06 pm

Property Features for 1594 Morgan

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Bathroom 8, Bedroom 2, Bathroom 2, Bedroom 6
Parking features
Off Street, Parking Lot, Carport, Covered
Window features
Window Coverings
Interior features
Storage
Exterior features
Back Yard, Front Yard, Garden/Play
Fencing
Fenced
Appliances
Gas Water Heater
Standard status
Active
Size
4,000 SF
Lot size
0.25 Acres

Utilities

Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public

Building Details

Year built
1960
Number of units
4
Flooring type
Carpet, Laminate
Building materials
Stucco, Wood Siding
Additional Structures
Storage

Listing agent Todd Carter License #1235456

Listing office Re/Max Accord 313 Sycamore Valley Rd W, Danville, CA

Listing date Mar 19, 2026

MLS# 41127912 Listing URL

Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This apartment complex in Walnut Creek, California, features four units, each containing two bedrooms. Three of the units are situated in one building, while the fourth is a detached residence with its own front and back yards. Each unit includes private parking. The property is located near downtown Walnut Creek, offering convenient access to highways 680 and 24. The property is situated on a lot of 0.25 acres and the building size is approximately 4000 square feet. The property offers steady rental income in a desirable community. The property offers the option to live in the home and rent the three apartments.

Key Highlights

  • Apartment complex with 4 units; each unit includes 2 bedrooms
  • Three units are connected to one building, plus one detached residence with its own front and back yards
  • Each unit offers private parking for added convenience

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $103.2k $25.80
− Vacancy −$5.4k −$1.34
EGI $97.8k $24.46
− OpEx −$29.4k −$7.34
NOI $68.5k $17.12
4,000 SF · lease $25.80/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$978.3K
$856.1K – $1.14M (±1% cap)
NOI $68,484 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$908.4K
$794.8K – $1.06M (±1% cap)
NOI $63,586 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M (±1% cap)
NOI $105,840 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Furniture & Home Goods (Bike/Boat/Book/etc) Store Barber Shop (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Pet Store Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit apartment complex near downtown Walnut Creek.
Where is this quadplex located?
The property is located at 1594 Morgan Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Apartment complex with 4 units; each unit includes 2 bedrooms; Three units are connected to one building, plus one detached residence with its own front and back yards; Each unit offers private parking for added convenience
Contact an agent
More about this property
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