1150 Lincoln Ave, Walnut Creek, CA for sale

Investment Overview

Located in a highly desirable core Walnut Creek location, this well-maintained multifamily property offers an attractive combination of location, unit quality, and recent capital improvements. The property is within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART, providing residents with exceptional access to employment, retail, dining, recreation, and regional transportation. 1150 Lincoln Ave consists entirely of two-bedroom units, a highly sought-after configuration that benefits from strong tenant demand. Units have been thoughtfully updated with hard-surface flooring, refreshed kitchen cabinetry and appliances, updated bathroom fixtures, recessed lighting, and new base and crown molding. Each unit features an individual water heater, wall-mounted air conditioning, and a newly replaced wall heater. Significant capital improvements include replacement of the sewer laterals, updated electrical sub-panels and main electrical panel, and a roof replacement in 2018. Additional resident amenities include property owned coin operated washer and dryers, covered parking, and individual storage closets for each unit. With its walkable Walnut Creek location, desirable two-bedroom unit mix, extensive improvements, and proximity to BART and Downtown Walnut Creek, the property represents an attractive opportunity for investors seeking a well-positioned multifamily asset in one of Contra Costa County's strongest rental markets.

Investment Highlights

• Prime Core Walnut Creek Location – Ideally situated within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART, providing residents convenient access to shopping, dining, recreation, and regional transportation.
• All Two-Bedroom Unit Mix – The property consists exclusively of desirable two-bedroom units, supporting broad tenant appeal and strong rental demand.
• Extensively Updated Units – All 8 units have been upgraded since 2011. Upgrades include hard-surface flooring, kitchen cabinetry and appliances, bathroom fixtures, recessed lighting, baseboards and crown molding.
• Significant Recent Capital Improvements – Ownership has completed major infrastructure improvements, including installation of a new 400 Amp main and Murray sub-panels in the units, replacement of the sewer lateral, newly replaced wall heaters, and a roof replacement in 2018.
• Strong Resident Amenities – Units benefit from individual water heaters and wall-mounted air conditioning, while the property offers covered parking, owned on-site laundry equipment, and individual storage closets.
• High-Demand Rental and Investment Market – Located in one of the East Bay's most desirable multifamily markets, the property benefits from Walnut Creek's strong tenant demand, limited housing supply, and proximity to major employment centers and public transportation.