Quadplex with Detached Two-Bed
For Sale
$1,595,000
1594 Morgan Ln., Walnut Creek, CA 94597
Quadplex featuring a detached 2-bedroom, 1.5-bath home with private front and back yards and central HVAC.
Days on Market25
Property Features for 1594 Morgan Ln.
General Information
Standard status
Active
Property subtype
Quadruplex
Additional Details
Highway Access
Yes
Building Details
Building Size
3,445 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Delphi Realty Group
(925) 705-1300
Listed By:
Alex Khodadad · License #01719021
(925) 705-1300
Source:
Annnewtoncane
Added: Jul 9
Changed: Jul 30
Last Checked: Aug 2 at 12:12PM
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 Delphi Realty Group
Investment Insights
Based on property information with market context.
This quadplex has four units, with a detached 2-bedroom, 1.5-bath unit that includes private front and back yards, double-pane windows, central HVAC, and no shared walls. The remaining three units are tenant-occupied.
Open house is scheduled for today, Sunday from 2-4. The property is centrally located near Hwy 680, BART, schools, and downtown Walnut Creek.
Built in 1961, the detached configuration can provide an added level of privacy compared with shared-wall layouts, while the overall four-unit setup supports flexible living or tenanting arrangements.
Open house is scheduled for today, Sunday from 2-4. The property is centrally located near Hwy 680, BART, schools, and downtown Walnut Creek.
Built in 1961, the detached configuration can provide an added level of privacy compared with shared-wall layouts, while the overall four-unit setup supports flexible living or tenanting arrangements.
Key Highlights
- Four‑unit quadplex with three tenant‑occupied units
- Detached 2‑bedroom, 1.5‑bath unit with private front and back yards
- No shared walls in the detached unit layout
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 | $88.9k | $25.80 |
| − Vacancy | −$4.6k | −$1.34 |
| EGI | $84.3k | $24.46 |
| − OpEx | −$25.3k | −$7.34 |
| NOI | $59.0k | $17.12 |
3,445 SF · lease $25.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$842.6K
$737.3K – $983.0K
NOI $58,981 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$782.3K
$684.5K – $912.7K
NOI $54,763 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,155 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 94597, CA
23,661
Population
11,262
Households
2.1
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
5,771
Density / Sq Mi
$142,685
Median Household Income
$79,278
Median Earnings
$2,557
Median Rent
$986,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex featuring a detached 2-bedroom, 1.5-bath home with private front and back yards and central HVAC.
Where is this quadplex located?
The property is located at 1594 Morgan Ln. Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Four‑unit quadplex with three tenant‑occupied units; Detached 2‑bedroom, 1.5‑bath unit with private front and back yards; No shared walls in the detached unit layout
