Walnut Creek Multifamily Investment
1942 Desert Cir Walnut Creek, CA 94598
1942 Desert Cir, Walnut Creek, CA, 94598
$2,750,000
For Sale
$2,750,000
Seven-unit multifamily property in desirable Walnut Creek location.
Property Size6,052 SF
Price / SF$454.40
Days on Market112
Property Features for 1942 Desert Cir
General Information
- Standard status
- Active
- Size
- 6,052 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing agency
NAI Northern California
(925) 588-9740
Listed by
Ethan Berger · License #CalDRE #01868467
(925) 588-9740
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 8:14AM
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
Investment Insights
Based on property information with market context.
The Desert Cir Apartments offer a chance to acquire a seven-unit multifamily property. This two-story building has 6,052 rentable square feet and is part of a professionally maintained 72-unit community. The property is located in a quiet, established neighborhood near downtown Walnut Creek, BART, I-680, and CA-24. The unit mix includes primarily 2-bedroom units and one 3-bedroom unit. The units feature modern interiors with stone countertops, laminate flooring, recessed lighting, fireplaces, and forced-air HVAC. Six of the seven units include full-sized washers and dryers. The property has individually metered gas and electricity, and separate water heaters. Tenants are responsible for PG&E, water, sewer, and trash expenses. Tenant amenities include private balconies or patios, assigned covered parking, guest parking, a community pool, and laundry facilities. The property features a stucco exterior and a pitched asphalt shingle roof. The property is SB 721 compliant.
Key Highlights
- Prime Walnut Creek location near downtown, BART, I‑680, and CA‑24
- Recently updated units with modern interiors, including stone countertops, laminate flooring, and fireplaces
- Desirable unit mix with primarily 2‑bedroom units and one 3‑bedroom unit
Local Financial Insights For Apartment 5plus
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 | $183.7k | $30.36 |
| − Vacancy | −$8.8k | −$1.46 |
| EGI | $174.9k | $28.90 |
| − OpEx | −$78.7k | −$13.01 |
| NOI | $96.2k | $15.90 |
6,052 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,206 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,136 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property in desirable Walnut Creek location.
Where is this apartment building located?
The property is located at 1942 Desert Cir Walnut Creek, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime Walnut Creek location near downtown, BART, I‑680, and CA‑24; Recently updated units with modern interiors, including stone countertops, laminate flooring, and fireplaces; Desirable unit mix with primarily 2‑bedroom units and one 3‑bedroom unit
