2646 Baldwin Ln, Walnut Creek, CA 94597

Property Description

FANTASTIC "ADD VALUE" OPPORTUNITY! LOW RENTS, ALL 2/1, MANY UPDATES AND POTENTIAL FOR AN ADU! PROPERTY NEXT DOOR JUST CLOSED FOR $1,650,000! Baldwin Lane Apartments is a well-located, multi-family property that is being brought onto market for the first time in more than three decades. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Walnut Creek. The property is close to BART, shopping, cafes, and coffee shops in Downtown Walnut Creek as well as having highly rated schools. The property is also close to Highways I-680 and 24 and provides access to recreational facilities such as Larkey Park/Pool, Civic Park, and Acalanes Ridge Open Space. The two-story property features uncommon construction details including raised foundations, low maintenance stucco exteriors, pitched composition shingle roofs, garages, common laundry facility, and separate meters for gas and electricity. Some units have had updating in the past several years including some new flooring, some new cabinetry, counters, appliances, windows and window coverings. The units present well, but there is an opportunity to take them to the next level of finishes and details that would likely result in significantly higher rents.