Hillside Terrace 1865 Lacassie Ave 10 Unit Apartment Building $4,290,000 ($429,000/Unit) 5.02% Cap Rate Walnut Creek, CA 94596

PROPERTY TOURS SCHEDULED FOR 2/25 & 2/27. CONTACT LISTING AGENT FOR AN APPOINTMENT.
Hillside Terrace is an exceptional 10-unit multifamily investment opportunity in one of Walnut Creek's premier locations, just steps from the vibrant downtown retail and dining scene. The offering provides investors a rare opportunity to acquire a turn-key asset generating over $26,000 in monthly rental income as well as additional RUBS income. Very attractive 3.20% fixed-rate assumable financing is possible through November 2026. The property includes a desirable unit mix of all 2 bedroom / 1 bath units that average +-800 SF each. Three separate floor plans with slight variations within each encompass the ten units. All unit interiors have been substantially renovated and include updated kitchen cabinets, quartz countertops, stainless steel appliances, vinyl plank flooring, updated bath vanities, shower/tub surrounds, baseboard molding and new lighting throughout. All units include a dishwasher, garbage disposal, built-in microwave, wall mounted air conditioner and in-unit washer/dryers.
Significant capital improvements have been completed, including seismic enhancements, upgraded handrails, new entry doors, updated front building facade, new signage and drought resistant landscaping. Covered parking is available on-site for 8 cars, plus an additional four tenant spaces leased from an adjacent property owner. The property, with a Walk Score of 83 is walkable to most Downtown Walnut Creek attractions, and is ideally located just over a quarter mile from the Walnut Creek BART station. This is an exceptional investment opportunity in one of the East Bay's most sought after apartment submarkets.
TOURS BY APPOINTMENT ONLY. CONTACT LISTING AGENT TO RECEIVE THE OFFERING MEMORANDUM.