1394 Walden Rd, Walnut Creek, CA 94597

$1,200,000
List Price
$1,200,000
Status
ACTIVE
MLS#
40855321
Days on Market
19
Year Built
1932
Property Type
OTHER
Lot Size
20,037
Acres
0.46
County
Contra Costa
Area
Walnut Creek

Property Description

INVESTORS – build EIGHT brand-new rentals at $435,000 per unit and get Cap-Rates of approx. 6.2% - AND - instant equity of $165,000 per unit. This can be an AFFORDABLE HOUSING project. The current house would rent for $2,500 to $3,000 per month while you are getting plans approved. Land is already zoned M-2.5 for up to 8-units. Do something unique that will get a lot of publicity for being so cool – and get you invited to do more in-fill projects. This location is awesome – walk to WC or PH BART – and easy, easy, easy access to the freeway. 20,037 square foot lot is flat. Two APN’s 172-130-015 and 172-130-016-6.

Additional Information

Basement
None
City Transfer Tax Rate
No
Exterior
None
Lot Description
Level
Price Per Square Foot
250

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Re/Max Accord.