ActiveResidential · sale

1465 Mt Pisgah Rd

Walnut Creek, CA 94596

$3,750,000

  • 0.21 acres
  • Built 1961

Listed by Income Property Services · MLS #41146036

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1961.

Property size

0.21 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A Location Walk to downtown Significant upside potential The Mt Pisgah Apartments located at 1465 Mt Pisgah Road Walnut Creek is a clean welllocated multifamily property that has been carefully maintained and is now being brought to market It represents a rare opportunity to own property in one of the Bay Areas most desirable locations Walnut Creek The property is within walking distance of BART shopping cafes and coffee shops in Downtown Walnut Creek as well as highly rated schools The property is also close to Highways I680 and 24 and provides access to recreational facilities such as Civic Park and Shell Ridge Open Space The twostory building features uncommon construction details that include a concrete slab foundation with a portion of raised perimeter low maintenance stucco exterior pitched tar gravel roof carports additional storage for residents complex laundry facility and separate meters for gas and electricity The property has welldesigned floor plans and a mix of easy to rent units Residents have access to the beautiful courtyard and laundry facilities The units have been updated in the past several years and most have new LVP flooring updated granite countertops stainless steel and black appliances refaced cabinetry with new hardware and plumbing and light fixtures including decora light switches The bathrooms have also been updated and most units feature paneled doors Walnut Creek is a highly desirable city located about 24 miles East of San Francisco Served by public transit including BART with two stations and located at the intersection of Highway 24 and Interstate 680 the location offers close proximity to San Francisco Oakland and most of the Bay Area Considered a blend of upscale suburban living with urban convenience the city is home to Broadway Plaza one of the toprated shopping centers in the Bay Area anchored by Nordstrom Macys Apple HM and Zara The city has a walkable downtown area with abundant boutiques cafes and restaurants It is home to the Lesher Center for the Arts which offers yearround entertainment in the form of concerts plays and special events The city also boasts top rated schools from elementary middle and high schools near most neighborhoods California State University East Bay campus is located just a short drive from Walnut Creek as well Despite the urban conveniences Walnut Creek also has more than 3000 acres of open spaces

THE NEIGHBORHOOD

Explore the location.

1465 Mt Pisgah Rd, Walnut Creek, CA 94596

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1961
Cooling
WallWindowUnits
Heating
NaturalGas,WallFurnace
Appliances
GasWaterHeater
Subdivision
DOWNTOWN W.CREEK
Zoning
MF
Parcel
1782610248
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$15,625.00
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1465 Mt Pisgah Rd, Walnut Creek, CA 94596 · MLS #41146036

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Listing information

MLS #41146036 · California Regional MLS

Listing brokerage: Income Property Services
Listing agent: Shawn Willis

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.