1591 3rd Ave, Walnut Creek, California 94597, Walnut Creek, 94597 - 0 bed, 0 bath
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Walnut Creek, California 94597
This Prime Residential Income Quadruplex is listed at $1,648,000, reflecting its premium location in the Larkey Park neighborhood. While the Fair Market Value is $1,571,036, the price is supported by a Well-Maintained Condition rating and a high-end renovation in Unit B. The property features an exceptional 10 parking spots and a center courtyard, providing a competitive edge for tenant retention. Zoned for top-tier schools like Las Lomas High (9/10), this asset is a stable acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1591 3rd Ave Subject | $1,648,000* List Price | 0 | 0 | 3,036 | $517 | - |
A 2646 Baldwin Ln Sold | $1,425,000 | 0 | 0 | 3,175 | $449 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1960, the property is well-maintained and functional. Unit B has received a recent high-end renovation (quartz counters, stainless appliances, fresh paint), and other units feature updated laminate flooring. Although some units remain dated with older cabinetry and wall heaters, the property is move-in ready and currently income-producing.
High School: Las Lomas High School (9/10).
Situated in the desirable Larkey Park neighborhood, this property offers exceptional proximity to downtown Walnut Creek, BART, and major freeways, ensuring high tenant demand and low vacancy rates.
The property features 10 parking spots for four units, a rare and significant asset in Walnut Creek that provides a competitive advantage for attracting and retaining tenants with multiple vehicles.
Built in 1960, the property may require more frequent maintenance and capital expenditures for aging systems compared to newer multi-family developments.
The reliance on a shared upstairs laundry room rather than in-unit hookups may limit the ability to achieve maximum market rents in a region where tenants increasingly prioritize private amenities.
4-PLEX! Each unit is 2 bed / 1 bath, approx 760 square feet. Upstairs units have vaulted ceilings! Remarkable opportunity to own a 4-Plex near downtown Walnut Creek. Situated in Larkey Park and close to freeway, BART, parks, community pool & more. Pertains to desirable schools including College Park High. 3 units are currently being rented. Unit B has been tastefully updated with quartz counters, stainless steel appliances, interior freshly painted. Two spacious bedrooms and comfortable living area. Center courtyard for gathering, BBQ'ing, gardening or just relaxing. Total 10 parking spots. Shared laundry upstairs.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,036 | 3,105.5 | 50% |
| Lot Size | 13,939 | 11,674 | 50% |
| Price | $1.65M | $1.54M | 50% |
| Price per sq ft | $543 | $496 | 50% |
| Built year | 1960 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 91 | 50% |
Apr 27, 2026
$1,648,000
Initial Listing
Sep 15, 2015
$1,340,000
Public Record