1100 Lincoln Ave
Walnut Creek, CA 94596

Lincoln Terrace offers investors the opportunity to add-value by continuing the renovation program previously begun by current ownership. With its ideal location in the heart of the East Bay, and proximity to the many restaurants and world-class shopping in Downtown Walnut Creek, as well as to BART and major freeways, Lincoln Terrace is an ideal choice for prospective tenants looking for the easy lifestyle that a community such as Walnut Creek has to offer. The unit mix includes twenty-eight, 1 bedroom/1 bath units comprised of two floor plans that average +-625 SF, and eight, 2 bedroom/1 bath units at +-865 SF. The units are separately metered for gas and electricity, while residents reimburse monthly for both water and garbage through a RUBS bill-back program. Current ownership has invested almost $600,000 and completed 25 interior upgrades (69% of the inventory) leaving 11-units for new ownership to continue the renovation program. Of the 25-units that have been renovated, a new owner will be able to further upgrade interior finish levels in order to achieve significant rent premiums of $144 per unit on average across all unit types. Over the past several years, significant exterior work has also been completed, including seismic, handrails, landscaping and new exterior paint. FINAL TOUR: December 10th - 11:30 -1:30 CALL FOR OFFERS: THURSDAY, DECEMBER 12TH