1690 Newell Ave, Walnut Creek, California 94595, Walnut Creek, 94595 - 3 bed, 3 bath
1690 Newell Ave
Walnut Creek, California 94595
Property Price
SUMMARY
Analysis of 1690 Newell Ave, Walnut Creek, California 94595 is currently available with a list price of $2,500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Walnut Creek Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1949, this property is 75 years old. While the description states it is 'well maintained,' the lack of interior images prevents assessment of critical areas like the kitchen and bathrooms. Given its age and the listing's explicit mention that it 'may require substantial renovation or be considered a tear-down for optimal site utilization,' it's highly probable that the interior components, including kitchen appliances, fixtures, flooring, and overall style, are significantly outdated and would require extensive rehabilitation to meet modern standards. The property's value appears to be primarily in its land and development potential, rather than the existing structure's condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 54450, living area = 2125.
- Significant Development Potential
The 1.25-acre flat, R-10 zoned parcel offers exceptional development opportunities, including potential for up to 10 units under SB10, or 5 single-family homes/duplexes with ADUs under SB9.
- Prime Walnut Creek Location
Located just minutes from Downtown Walnut Creek, providing convenient access to urban amenities, dining, and entertainment in a highly desirable area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2125, other record living area = 1925. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Age of Existing Residence
Built in 1949, the existing ranch-style home, while maintained, is older and may require substantial renovation or be considered a tear-down for optimal site utilization and modern development.
- Substantial Investment Required
The $2.5 million list price, combined with the inherent costs and complexities associated with extensive development, represents a significant financial commitment beyond the purchase price.
About 1690 Newell Ave
This custom-built home is situated on an exceptional, flat 1.25-acre parcel zoned R-10, offering development potential. Current home features a well maintained single-story ranch-style residence of approximately 2,100 square feet, featuring three bedrooms, three bathrooms, and a large attached garage. Ideal for a family compound, land banking, or living in the existing residence while developing additional homes, this property presents a unique blend of lifestyle and long-term value. Located just minutes from Downtown Walnut Creek, the site also offers potential opportunities for multiple residential units, senior housing, or development under SB9/SB10/SB450 (buyer to verify). The property consists of 1.25 acres of flat land zoned R-10, with the potential for up to five single-family homes, each with the possibility of an ADU or five duplexes, per SB9. There may also be an opportunity to develop up to 10 units under SB10 (buyer to verify). Possibility of further splitting under SB450. All utilities are public and already connected to the site. Buyer to Verify All Possibilities
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 54,450 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,125 | 1,879.5 | 71% |
| Lot Size | 54,450 | 11,933.5 | 92% |
| Price | $2.50M | $1.49M | 92% |
| Price per sq ft | $1.2K | $793 | 95% |
| Built year | 1949 | 1950 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 164 | 8% |
Pricing History
Listed for Sale
Jan 21, 2026
$2,500,000
Initial Listing