Remodeled Triplex with
For Sale
$1,695,000
1920 Camino Verde, Walnut Creek, CA 94597
Updated residences offer designer kitchens, patios, fireplaces, and separate gas and electric meters.
Property Size2,857 SF
Days on Market173
Property Features for 1920 Camino Verde
General Information
Standard status
Active
Size
2,857 SF
Total Parking Spaces
5
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA - 1,158 SF, 2 x 2BR/1BA - 855 SF
Multifamily Units
3
Amenities
new designer kitchens & baths
LVP flooring
solid surface counters
stainless appliances
recessed lighting
paneled and mirrored doors
carports
washer/dryer units in two of the homes
fireplaces
patios
Building Details
Building Size
2,857 SF
Year Built
1971
Listing Agency:
Income Property Services
(925) 988-0502
Listed By:
Shawn Willis · License #DRE #01095619
(925) 988-0502
Source:
Brucebaldwin
Added: Mar 13
Changed: Aug 31
Last Checked: Sep 1 at 7:32PM
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 Income Property Services
Investment Insights
Based on property information with market context.
This three-unit multifamily property includes one three-bedroom, two-bath residence of approximately 1,158 square feet and two two-bedroom, one-bath residences of approximately 855 square feet each. The one- and two-story buildings have remodeled interiors with designer kitchens, new baths, LVP flooring, solid-surface counters, stainless appliances, recessed lighting, paneled and mirrored doors, fireplaces, and patios. Carports, pitched composition shingle roofs, and in-unit washer and dryer equipment in two residences add functional improvements. Gas and electricity are separately metered.
The property is positioned near BART, Downtown Walnut Creek shopping and dining, and schools. Access to I-680 and Highway 24 is nearby, along with Larkey Park/Pool, Civic Park, and Shell Ridge Open Space. Built in 1971, the property has been maintained and offers a defined three-residence configuration.
The property is positioned near BART, Downtown Walnut Creek shopping and dining, and schools. Access to I-680 and Highway 24 is nearby, along with Larkey Park/Pool, Civic Park, and Shell Ridge Open Space. Built in 1971, the property has been maintained and offers a defined three-residence configuration.
Key Highlights
- Three‑unit mix: 1 3BR/2BA residence and 2 2BR/1BA residences
- Unit sizes include 1,158 s.f. +/- and 855 s.f. +/-
- Remodeled interiors with designer kitchens, new baths, LVP flooring, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,914
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,280
$978.3K
Cap Rate 7%
$698,771
$698.8K
Cap Rate 9%
$543,489
$543.5K
Market Conditions
NOI Build-Up for 2,857 SF
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.
Gross rent
$73.7K $25.80/SF
− Vacancy
−$3.8K −$1.34/SF
EGI
$69.9K $24.46/SF
− OpEx
−$21.0K −$7.34/SF
NOI
$48.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$978,280
Cap Rate 7%
$698,771
Cap Rate 9%
$543,489
Alternative Uses
Best Use
Multifamily LT 5
$698.8K
$611.4K – $815.2K
NOI $48,914 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$648.8K
$567.7K – $756.9K
NOI $45,416 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.08M
$945.0K – $1.26M
NOI $75,596 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
343
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?
Triplex - Updated residences offer designer kitchens, patios, fireplaces, and separate gas and electric meters.
Where is this triplex located?
The property is located at 1920 Camino Verde Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three‑unit mix: 1 3BR/2BA residence and 2 2BR/1BA residences; Unit sizes include 1,158 s.f. +/- and 855 s.f. +/-; Remodeled interiors with designer kitchens, new baths, LVP flooring, and stainless appliances
