Listed by Income Property Services
$7,995,000
1183 Saranap Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 26,040
Net Rentable (SqFt) 26,040
Units 33
Occupancy 82%
Tenancy Multi
Rent Bumps No
Price per SqFt $307
Class C
Year Built 1965
Year Renovated 2000, 2010
Buildings 1
Zoning M-29
Parking Spaces 44 spaces
Parking per 1,000 SqFt 1.69
Investment Type Value Add
Sale Condition N/A
Sought After Walnut Creek Apartment Complex
Investment highlights
Pride of ownership asset in a market without local rent control
Significant rent and operational upside potential
Hundreds of thousands spent on recent capital improvements including roof
Desirable unit mix with spacious, open units with plenty of natural light
Low maintenance stucco exterior and grounds
Listing Contacts
Listed by Income Property Services
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