Two-Story Duplex with Private
For Sale
$1,300,000
1950 Oak Grove Rd 1950 & 1952, Walnut Creek, CA 94598
Matching residences feature attached garages, fireplaces, open kitchens, and separate outdoor areas.
Property Size2,758 SF
Days on Market87
Property Features for 1950 Oak Grove Rd 1950 & 1952
General Information
Standard status
Active
Size
2,758 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fireplaces
private backyards
wood-beam ceilings
sliding glass doors
breakfast bar seating
Building Details
Building Size
2,758 SF
Year Built
1969
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
RE/MAX Accord
Listed By:
Lisa Caldwell · License #01267745
(925) 525-1105
Source:
Annnewtoncane
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 13 at 1:40AM
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 RE/MAX Accord
Investment Insights
Based on property information with market context.
Built in 1969, this duplex contains two vertically arranged residences that share only one wall. Each home includes 3 bedrooms, 2 bathrooms, an attached oversized two-car garage with interior access, a fireplace, and a private backyard. The nearly identical layouts include open kitchens with breakfast bars, adjoining dining areas, and family rooms with wood-beam ceilings and sliding doors opening toward the rear yards.
One residence is vacant while the other is tenant-occupied, providing two distinct occupancy conditions within the same property. The duplex is offered without an HOA and is located in Walnut Creek. Separate household layouts and limited shared construction give each unit a single-family-style configuration while retaining the physical format of a two-unit property.
One residence is vacant while the other is tenant-occupied, providing two distinct occupancy conditions within the same property. The duplex is offered without an HOA and is located in Walnut Creek. Separate household layouts and limited shared construction give each unit a single-family-style configuration while retaining the physical format of a two-unit property.
Key Highlights
- 2‑unit duplex with two‑story residences and only one shared wall
- Each unit offers 3 bedrooms and 2 bathrooms
- Attached oversized two‑car garages with interior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,219
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
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
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 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 3.63%
Second Best
Apartment 5plus
$626.3K
$548.0K – $730.7K
NOI $43,843 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.04M
$912.2K – $1.22M
NOI $72,977 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,209
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Matching residences feature attached garages, fireplaces, open kitchens, and separate outdoor areas.
Where is this duplex located?
The property is located at 1950 Oak Grove Rd 1950 & 1952 Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2‑unit duplex with two‑story residences and only one shared wall; Each unit offers 3 bedrooms and 2 bathrooms; Attached oversized two‑car garages with interior access
