SOLD 09/08/2023
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Commercial sold for $3,477,500 in 142 days
1414 Oakland Blvd Walnut Creek, CA, 94596
Off the market Apt Complex
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.
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Property details
6,194 sqft interior area
Land area
9,350 sqft (0.21 acres)
Address
1414 Oakland Blvd, Walnut Creek, CA, 94596
City of California
Walnut Creek
County
Contra Costa
Previous price
$3,600,000
Year Built
1969
District
Walnut Creek
Nearby major retailers
Costco
Neiman Marcus
7-Eleven
Trader Joe's
Pet Food Express
Chevron
Tiffany & Company
Supercuts
Apple Store
Ross
Nordstrom
Macy's
Safeway
Whole Foods Market
Toyota
AT&T
Dollar Tree
T-Mobile
See's Candies
Rite Aid
Verizon Wireless
Wholesale: 1
Department store: 4
Convenience: 3
Supermarket: 8
Pet: 1
Jewelry: 1
Hairdresser: 2
Electronics: 2
Car: 1
Mobile phone: 4
Variety store: 1
Confectionery: 1
Chemist: 1
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Interior Features
Vinyl, Carpet floors
Floor Covering
Vinyl, Carpet
Garage & Parking
Carport, Covered, Guest, Space Per Unit - 1, Uncovered Park Spaces 2+
Utilities Included
Wired For Cable TV, All Public Utilities, Internet Available, Individual Electric Meter, Individual Gas Meter
Other rooms
Updated Baths, Updated Kitchen
Appliances
Dishwasher, Disposal, Microwave, Built-In Range, Refrigerator, Gas Water Heater
Basement
None
Listed by
Richard Martini, Colliers International
Name
Richard Martini
License number
01505297
Brokerage company
Colliers International
MLS #
41024793
Buyer agent
Name
Carlos Serrano-quan
Brokerage company
Sequoia Commercial Group
Payment calculator
Calculate your monthly payments
Mortgage
$10,677
Taxes
$0
HOA dues
$0
Mortgage
$695,500 / 20%
2.28%
30 years
Your amount
$10,677 / month
Exterior Features
Stucco construction and more
Construction
Stucco
Lot details
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Lot Description
Irregular Lot
94596 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
—
no data
High school
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no data
Local airport
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no data
People living in 94596
33%
Families with children
National average: 39%
49%
Non family households
153,393
Population
$152,568
Average Income
Age & gender
Median age 55 years
More info
Commute types
70% commute by car
More info
Education level
38% have bachelor education
More info
Number of employees
3% work in management
More info
Vehicles available
47% have 1 vehicle
More info
Vehicles by gender
47% have 1 vehicle
More info
Housing market insights for
$1.11m
Neighborhood average
sales price*
sales price*
$950k
Neighborhood median
sales price*
sales price*
499
Number
of sales*
of sales*
Housing type
35% are single detacheds
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Rooms
39% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
70% are owners
More info
18.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Sep 8, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 8, 2023 | Sold | $3,477,500 | 0 | Public Record |
| Sep 8, 2023 | Price Decrease | $3,477,500 -3.4% | 0 | MLS #41024793 |
| Aug 1, 2023 | Pending | $3,600,000 | 0 | MLS #41024793 |
| Apr 20, 2023 | New Listing | $3,600,000 | 0 | MLS #41024793 |
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Frequently Asked Questions about 1414 Oakland Blvd
What is 1414 Oakland Blvd?
1414 Oakland Blvd is a Commercial/Industrial propertywith 6,194 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1414 Oakland Blvd, Walnut Creek, CA, 94596.
What comparable properties are nearby?
Comparable nearby commercial properties include 3533 Plaza Way, 1459 Del Rio Cir, 1880 Robin Ln, 3683 Willow Pass Rd, 4620 Pacheco Blvd, 2221 Railroad Ave.
Based on information from the bridgeMLS as of 05-04-2024. 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.
Listing last updated on: Sep 11, 2023
Verhouse Last checked 4 minutes ago
The closest grocery stores are Trader Joe's, 0.61 miles away and Safeway 0917, 0.69 miles away.
The 94596 zip area has a population of 153,393, and 33% of the families have children. The median age is 55.69 years and 70% commute by car. The most popular housing type is "single detached" and 70% is owner.
