1770 Carmel Drive, Walnut Creek, CA 94596

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1770 Carmel Drive,Walnut Creek, CA 94596
$11,975,000
  • 50 Beds
  • - Baths
  • 26,250 sq. ft.
  • Multi-family
  • Pending
Listed by:keith manson
Office:cushman & wakefield
MLS#:425028869
Source:CABCREIS

Price summary

  • Price:$11,975,000
  • Price per sq. ft.:$456.19

About this home

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

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Home facts

  • Year built:1973
  • Listing Id #:425028869
  • Added:126 day(s) ago
  • Updated:August 15, 2025 at 07:37 AM

Rooms and interior

  • Bedrooms:50
  • Living area:26,250 sq. ft.

Heating and cooling

  • Cooling:Individual, Wall Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Asphalt
  • Year built:1973
  • Building area:26,250 sq. ft.
  • Lot area:0.8 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$11,975,000
  • Price per sq. ft.:$456.19
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