Sandpiper Apartments
24 Unit Apartment Building | $5,100,000 ($212,500/Unit) | Walnut Creek, CA 94595
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,100,000
- Property Type
-
Multifamily
- Square Feet
- 8,528 SF
Listing Contacts
Mike Zylstra
Verified Profile
Forrest Gherlone
Verified Profile
Matthew Clark
Verified Profile
Max Gunari
Verified Profile
- Property Info
Property Overview
Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire the Sandpiper Apartments located at 1180 Saranap Ave in Walnut Creek, California. The Property comprises approximately ±8,528 square feet on 0.33 acres and features 24 residential units. The unit mix includes a combination of studios and one-bedroom apartments, making it a versatile and attractive option for a variety of tenants. The Sandpiper Apartments are fully occupied, offering a stable income stream with significant potential for value-add improvements and rent growth.
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 2
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 24
Highlights
- Situated in the desirable Walnut Creek area, the property offers excellent accessibility and visibility with quick access to major highways
- Versatile Units: The property features a mix of studio units (200 SF) and one-bedroom units (360-400 SF), catering to a diverse tenant base.
- Full Occupancy: The Sandpiper Apartments are currently 100% occupied, providing a stable and reliable income stream.
- Key Amenities: The property boasts a pool and onsite parking, enhancing its appeal to potential renters.
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