Two-Story Duplex with
For Sale
$1,675,000
Oak Grove Rd 1950 & 1952, Walnut Creek, CA 94598
MULTI_FAMILY - Walnut Creek, CA
Property Size2,758 SF
Lot Size0.22 Acres
Price / SF$607.32
Days on Market26
Property Features for Oak Grove Rd 1950 & 1952
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 2
Parking features
Garage, Off Street, Open
Window features
Double Pane Windows
Exterior features
Back Yard
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Dryer, Washer, Gas Water Heater
Lot features
Premium Lot
Elementary school district
Mount Diablo (925) 682-8000
High school district
Mount Diablo (925) 682-8000
Directions
Treat or Ygnacio to Oak Grove
Subdivision
Listing
Standard status
Active
APN
1342310032
Size
2,758 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Number of units
2
Flooring type
Carpet - Partial, Laminate, Hardwood
Building materials
Stucco
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 947-1777
Listed By:
Lisa Caldwell · License #01267745
(925) 525-1105
Added: Jul 20
Changed: Aug 14
Last Checked: Aug 14 at 8:06PM
MLS# 41142252
Copyright © 2026 Contra Costa Association of REALTORS®. 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.
Built in 1969, this 2,758-square-foot duplex contains two residences with matching two-story layouts. Each unit includes 3 bedrooms, 2 bathrooms, an attached oversized two-car garage with interior entry, a fireplace, and a private fenced backyard. The residences share only one wall and feature kitchens with breakfast-bar seating, dining areas oriented toward the yards, and family rooms with wood-beam ceilings and sliding glass doors. Interior finishes include hardwood, laminate, and partial carpet, with forced-air heating and central air conditioning.
One residence is vacant and the other is tenant occupied, providing flexibility for an owner-occupant or investor. The property is located at 1950 & 1952 Oak Grove Rd in Walnut Creek, with public water and public sewer service. Parking also includes off-street and open spaces, while exterior construction is stucco.
One residence is vacant and the other is tenant occupied, providing flexibility for an owner-occupant or investor. The property is located at 1950 & 1952 Oak Grove Rd in Walnut Creek, with public water and public sewer service. Parking also includes off-street and open spaces, while exterior construction is stucco.
Key Highlights
- Duplex totals 2,758 square feet on a 0.2152‑acre lot
- Two residences, each with 3 bedrooms and 2 bathrooms
- Both units include oversized attached two‑car garages with interior access
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
$47,219
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
2.82%
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%
$944,380
$944.4K
Cap Rate 7%
$674,557
$674.6K
Cap Rate 9%
$524,656
$524.7K
Market Conditions
NOI Build-Up for 2,758 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
$71.2K $25.80/SF
− Vacancy
−$3.7K −$1.34/SF
EGI
$67.5K $24.46/SF
− OpEx
−$20.2K −$7.34/SF
NOI
$47.2K $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%
$944,380
Cap Rate 7%
$674,557
Cap Rate 9%
$524,656
Alternative Uses
Best Use
Multifamily LT 5
$674.6K
$590.2K – $787.0K
NOI $47,219 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$626.3K
$548.0K – $730.7K
NOI $43,843 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.04M
$912.2K – $1.22M
NOI $72,977 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,209
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer private yards, interior-access garages, fireplaces, and separate two-story living layouts.
Where is this duplex located?
The property is located at Oak Grove Rd 1950 & 1952 Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Duplex totals 2,758 square feet on a 0.2152‑acre lot; Two residences, each with 3 bedrooms and 2 bathrooms; Both units include oversized attached two‑car garages with interior access
