Properties

Comm Ri Multi-units 5+ For Sale

0.56 Acre - 1100 Lincoln Ave, WALNUT CREEK, California 94596

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Property Description

Colliers International, as Exclusive Advisor is pleased to present the opp. to acquire Lincoln Terrace, a 36-unit apt community located in Walnut Creek, CA. Built in 1962 and situated on a .85 AC parcel, the prop. includes +-24,268 SF of net rentable space. The nicely landscaped grounds with community swimming pool offers residents mostly renovated units, an ideal walkable location with a Walk Score of 93 only minutes from the thriving downtown Walnut Creek retail and dining experience. The prop. is located less than a mile from the Walnut Creek BART station affording residents convenient access to the major employment centers of Oakland and San Francisco. Lincoln Terrace offers investors the opp. to add-value by continuing the reno. program previously begun by current ownership. The unit mix includes twenty-eight, 1 bedroom/1 bath units comprised of two floor plans that avg +-625 SF, and eight, 2 bedroom/1 bath units at +-865 SF. The units are sep. metered for gas/electric.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40890278
Price : $12,600,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0.56 Acre
Year Built : 1962
Lot Area : 0.85 Sqft
Features
Heating System : Wall Furnace
Cooling System : Window/wall Unit(s)
Roof : Unknown
Address Map
Country : US
State : CA
County : Contra Costa
City : WALNUT CREEK
Zipcode : 94596
Street : Lincoln Ave
Street Number : 1100
Floor Number : 0
Longitude : W123° 56' 35.7''
Latitude : N37° 54' 3.2''
MLS Addon
Office Name : Colliers International
Building Type : Apt Complex
Area : Walnut Creek
Address : 1100 Lincoln Ave
Cross Street : Mt. Pisgah Rd
Directions to Property : N. Main St to Lincoln Ave
LA1User Code : 183504786BE
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Sold
Tot # Parking Spaces : 38
Tot # of Units : 36
List $/SqFt : $519
Age : 57
Apx Lot Sq Ft : 37,026 Sqft
Type of Building : Apt Complex
Annual Taxes : $160,489
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Wired For Cable Tv, Extra Storage, In Ground Pool
ALL UNITS HAVE : Dishwasher, Oven Range Free Standing, Deck, Refrigerator, Disposal, Updated Baths, Updated Kitchen
EQUIPMENT ADDITIONAL : Water Heater Gas, Window Coverings
EXTERIOR : Stucco, Wood Frame, Wood
FLOORING : Vinyl, Carpet, Laminate, Engineered Wood, Partial Carpeting
LOT DESCRIPTION : Up Slope
ON-SITE PARKING DESC : Covered Parking, Space Per Unit - 1
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Dishwasher, Deck
TENANT PAYS : Cable Tv, Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Common Room, Laundry Equip - Leased
Census Tract : 339002
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $19,777
2nd Loan Balance : $878,964
Tot Other Loans : $34,888
Financial Data Verif(Y/N) : 4.48
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $12,600,000
Sold Price : $12,000,000
Previous Price : $12,600,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40890278
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 0.56 Acre
$12,600,000
Agent info
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