Updated Two-Bedroom Apartment
For Sale
$2,695,000
1150 Lincoln Ave, Walnut Creek, CA 94596
Updated interiors, covered parking, storage, and resident laundry support daily convenience.
Property Size5,152 SF
Days on Market48
Property Features for 1150 Lincoln Ave
General Information
Standard status
Active
Size
5,152 SF
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Amenities
coin operated washer and dryers
covered parking
individual storage closets
wall-mounted air conditioning
Building Details
Building Size
5,152 SF
Year Built
1959
Units
8
Listing Agency:
NAI Northern California
Listed By:
Ethan Berger · License #CalDRE #01868467
(925) 588-9740
Source:
Nainorcal
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 16 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Northern California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1959 apartment property consists entirely of two-bedroom units. Interior improvements include hard-surface flooring, refreshed kitchen cabinetry and appliances, updated bathroom fixtures, recessed lighting, and new base and crown molding. Each residence has an individual water heater, wall-mounted air conditioning, and a newly replaced wall heater. Property amenities include covered parking, an individual storage closet for each unit, and owner-operated coin laundry equipment.
Capital work includes sewer lateral replacement, upgraded electrical sub-panels and main electrical panel, and a roof replacement completed in 2018. The property is located at 1150 Lincoln Ave in Walnut Creek, within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART. These nearby destinations provide access to retail, dining, recreation, employment, and regional transportation.
Capital work includes sewer lateral replacement, upgraded electrical sub-panels and main electrical panel, and a roof replacement completed in 2018. The property is located at 1150 Lincoln Ave in Walnut Creek, within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART. These nearby destinations provide access to retail, dining, recreation, employment, and regional transportation.
Key Highlights
- All units are configured as two‑bedroom apartments
- 1959 construction with roof replacement completed in 2018
- Updated flooring, kitchens, bathrooms, lighting, and trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,899
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,637,980
$1.6M
Cap Rate 7%
$1,169,986
$1.2M
Cap Rate 9%
$909,989
$910.0K
Market Conditions
NOI Build-Up for 5,152 SF
Gross rent
$156.4K $30.36/SF
− Vacancy
−$7.5K −$1.46/SF
EGI
$148.9K $28.90/SF
− OpEx
−$67.0K −$13.01/SF
NOI
$81.9K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,637,980
Cap Rate 7%
$1,169,986
Cap Rate 9%
$909,989
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,899 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,322 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 94596, CA
22,861
Population
11,242
Households
2
Avg Household Size
40
Median Age
70%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
3,748
Density / Sq Mi
$137,660
Median Household Income
$72,311
Median Earnings
$2,471
Median Rent
$1,245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, covered parking, storage, and resident laundry support daily convenience.
Where is this apartment building located?
The property is located at 1150 Lincoln Ave Walnut Creek, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: All units are configured as two‑bedroom apartments; 1959 construction with roof replacement completed in 2018; Updated flooring, kitchens, bathrooms, lighting, and trim
