Description

Oak Terrace Apartments is an 8-unit multifamily property located at 1414 Oakland Blvd in Walnut Creek, CA. The offering affords an investor the rare opportunity to purchase a fully renovated and stabilized multifamily property in one of Walnut Creek’s best locations walkable to BART and to the thriving downtown retail and dining experience. All units are 2 bed/1ba, average +-750 SF and have been substantially renovated. Professionally managed and maintained, Oak Terrace is an outstanding opportunity for investors to acquire a turn-key property with 3.0% interest only assumable financing in place until Jan. 2026, with the rate fixed until Jan. 2027. Over $6,200 in add. inc. from utility reimbursement, plus over $400k in capital improv. completed. Perfect for 1031 exchange. All units incl. dishwasher, built in microwave, wall mounted air and garbage disposal, plus quartz countertops. Upgrades to handrails, entry doors, vinyl windows and seismic upgrades have been completed.

Features

• 0.21 Acres