Four-Unit Quadplex with Private
For Sale
$1,749,000
1594 Morgan, Walnut Creek, CA 94596
MULTI_FAMILY - Walnut Creek, CA
Property Size4,000 SF
Lot Size0.25 Acres
Price / SF$437.25
Days on Market140
Property Features for 1594 Morgan
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 2, Bathroom 8, Bathroom 6, Bedroom 4, Bathroom 7, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Covered, Carport, Parking Lot, Off Street
Window features
Window Coverings
Interior features
Storage
Exterior features
Back Yard, Front Yard, Garden/Play
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
San Luis Gardens
Lot features
Level, Premium Lot, Secluded
Directions
San Luis to Morgan
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 Agency:
Re/Max Accord · RE/MAX International
(925) 838-4100
Listed By:
Todd Carter · License #1235456
(925) 914-5844
Added: Mar 19
Changed: Aug 2
Last Checked: Aug 5 at 8:06PM
MLS# 41127912
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 four-unit quadplex includes two-bedroom units configured so that three units are connected to a single building, while the fourth unit is a detached residence with its own front and back yards. Each unit is described as having private parking for added convenience. The property includes interior storage, along with front and back yard areas and a garden or play space.
Built in 1960, the home features stucco and wood siding construction and a mix of carpet and laminate flooring. Heating is provided by wall furnaces, with window or wall/window unit air conditioning. Kitchen and laundry comfort is supported by a gas water heater, and the property is fenced.
Utilities are listed as public water and public sewer. Parking amenities include covered parking, a carport, parking lot, and off-street parking. The property is described as being near downtown Walnut Creek with easy access to Highways 680 and 24.
Built in 1960, the home features stucco and wood siding construction and a mix of carpet and laminate flooring. Heating is provided by wall furnaces, with window or wall/window unit air conditioning. Kitchen and laundry comfort is supported by a gas water heater, and the property is fenced.
Utilities are listed as public water and public sewer. Parking amenities include covered parking, a carport, parking lot, and off-street parking. The property is described as being near downtown Walnut Creek with easy access to Highways 680 and 24.
Key Highlights
- Four two‑bedroom units, with three units connected and a detached fourth residence
- Detached unit has its own front and back yards
- 0.25‑acre lot
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
NOI $68,484 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$908.4K
$794.8K – $1.06M
NOI $63,586 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,139
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units with private parking, including a detached fourth residence with its own front and back yards.
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: Four two‑bedroom units, with three units connected and a detached fourth residence; Detached unit has its own front and back yards; 0.25‑acre lot
