Duplex with Attached
For Sale
$1,448,000
1299 Sheppard Ct, Walnut Creek, CA 94598
Income property with two residences, private yards, indoor laundry, and convenient access to transit, shopping, trails, and downtown Walnut Creek.
Property Size2,958 SF
Price / SF$489.52
Days on Market47
Property Features for 1299 Sheppard Ct
General Information
Standard status
Active
Size
2,958 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
2
Parking per Unit
2
Amenities
indoor laundry
Building Details
Year Built
1979
Listing Agency:
Dudum Real Estate Group
(925) 937-4000
Listed By:
Veronica Hidalgo · License #01468657
(925) 381-9585
Source:
Exitrealty
Added: Sep 9
Changed: Oct 13
Last Checked: Oct 12 at 5:41PM
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 Dudum Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1979, this duplex contains two residences totaling 2,958 square feet. Each unit includes an attached 2-car garage, indoor laundry, vaulted ceilings, a large primary suite with a walk-in closet and private bathroom, and a low-maintenance yard. Unit 1299 features updated kitchens and bathrooms, newer flooring, and dual-pane windows.
The property is near BART, freeway access, shopping, trails, downtown Walnut Creek, and several public and private schools, including Bancroft Elementary, Foothill Middle, Northgate High, De La Salle, and Carondelet. The two-unit layout, separate outdoor areas, and attached garage parking provide a practical residential income configuration.
The property is near BART, freeway access, shopping, trails, downtown Walnut Creek, and several public and private schools, including Bancroft Elementary, Foothill Middle, Northgate High, De La Salle, and Carondelet. The two-unit layout, separate outdoor areas, and attached garage parking provide a practical residential income configuration.
Key Highlights
- Two‑unit duplex totaling 2,958 square feet
- Both residences have attached 2‑car garages
- Unit 1299 has updated kitchen, bathrooms, flooring, and dual‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,644
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,880
$1.0M
Cap Rate 7%
$723,486
$723.5K
Cap Rate 9%
$562,711
$562.7K
Market Conditions
NOI Build-Up for 2,958 SF
Gross rent
$76.3K $25.80/SF
− Vacancy
−$4.0K −$1.34/SF
EGI
$72.3K $24.46/SF
− OpEx
−$21.7K −$7.34/SF
NOI
$50.6K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,880
Cap Rate 7%
$723,486
Cap Rate 9%
$562,711
Alternative Uses
Best Use
Multifamily LT 5
$723.5K
$633.1K – $844.1K
NOI $50,644 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$671.7K
$587.8K – $783.7K
NOI $47,022 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,269 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
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Business Placement
Demographics for 94598, CA
26,826
Population
10,735
Households
2.5
Avg Household Size
46
Median Age
74%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,302
Density / Sq Mi
$188,170
Median Household Income
$99,757
Median Earnings
$2,989
Median Rent
$1,307,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Income property with two residences, private yards, indoor laundry, and convenient access to transit, shopping, trails, and downtown Walnut Creek.
Where is this duplex located?
The property is located at 1299 Sheppard Ct Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,448,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,958 square feet; Both residences have attached 2‑car garages; Unit 1299 has updated kitchen, bathrooms, flooring, and dual‑pane windows
