Property Details
About this Property
Carmel Pines is a 50-unit value-add apartment community located at 1770 Carmel Dr. in Downtown Walnut Creek, CA. Built in 1973 as a senior apartment community, the property has been operated as such since its completion. However, there is no deed restriction on title limiting the tenant base to seniors, providing potential flexibility for future repositioning. This is a rare opportunity to acquire a well-located multifamily asset in one of the Bay Area's most desirable submarkets, offering strong rental demand, excellent connectivity, and proximity to premier shopping, dining, & entertainment options. Situated on an 0.80-acre lot, Carmel Pines consists of one 3-story residential building & a single-story leasing office and community room, totaling 26,250 SF. The property features fifty 1-bed, 1-bath units, averaging 525 SF, with on-site amenities including a laundry facility, a passenger elevator, & 14 off-street parking spaces. The roof was replaced in 2016, and the main electrical service panel was upgraded in 2009, ensuring a well-maintained infrastructure for future ownership. The Property benefits from an unbeatable downtown Walnut Creek location, just 1/2-mile from Broadway Plaza, the region's premier luxury shopping destination.
MLS Listing Information
MLS #
SF425028869
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
33
Interior Features
Laundry
Coin Operated
Cooling
Air Conditioning - Individual, Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Bitumen
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Contact Information
Listing Agent
Keith Manson
Cushman & Wakefield
License #: 01490046
Phone: (415) 773-3592
Co-Listing Agent
Zachary Greenwood
License #: 01960296
Phone: (510) 874-1918
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 49 | 50 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1770 Carmel Dr is a Residential Income in Walnut Creek, CA 94596. This 26,250 square foot property sits on a 0.8 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $11,975,000 and was built in 1973. This address can also be written as 1770 Carmel Dr, Walnut Creek, CA 94596.
©2025 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of April 21, 2025. For the most current information, please contact Keith Manson, (415) 773-3592
