1770 3rd Ave, Walnut Creek, California 94597, Walnut Creek, 94597 - 4 bed, 4 bath
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Walnut Creek, California 94597
This Versatile Multi-Unit Compound is a High-Potential Investment Opportunity, listed at $2,275,000—positioned above the $1,917,225 Fair Market Value. While priced for its unique utility, the property features a Condition Rating of 3, offering a move-in ready main home, detached cabana, and separate apartment. With a .31-acre lot, custom pool, and proximity to Las Lomas High School (9/10), it provides significant lifestyle value. This rare, income-generating asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living solutions in Walnut Creek.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1770 3rd Ave Subject | $2,275,000* List Price | 4 | 4 | 2,219 | $864 | - |
A 536 Coralie Drive Sold | $1,600,000 | 4 | 2 | 2,128 | $752 | 0.5 mi |
B 151 151 Montecito Crescent Sold | $1,770,000 | 4 | 3 | 1,845 | $959 | 1.0 mi |
C 2084 2084 Mallard Dr Sold | $2,050,000 | 5 | 4 | 2,655 | $772 | 0.6 mi |
D 1445 Ramsay Circle Pending | $1,648,000 List Price | 4 | 2 | 2,147 | $768 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1953, the property has undergone significant renovations within the 5-15 year range. The main home features an updated kitchen with stone countertops, a modernized stone-veneer exterior, and updated systems including mini-split HVAC units. The bathrooms and flooring appear well-maintained and functional, making the entire compound move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13312, living area = 2219.
High School: Las Lomas High School (9/10).
The property offers exceptional flexibility with a main home, a detached cabana, a separate 1-bedroom apartment, and a finished livable garage, making it ideal for multi-generational living or rental income.
There is a significant gap between the official 2,219 sq ft and the advertised 3,300 sq ft of 'total living space,' which may present appraisal challenges or concerns regarding the permitted status of the finished garage.
Despite the high price point, the primary 3-bedroom living quarters are relatively small at approximately 1,341 sq ft, which may not meet the expectations of buyers seeking a large traditional family home.
One-of-a-kind, single-level property in Walnut Creek’s coveted Larkey Park neighborhood offers endless possibilities on a spacious .31-acre lot. With over 3,300 sq ft of total living space, the compound includes a beautifully updated 3-bed, 2-bath main home (~1,341 sq ft), a detached modern cabana or office (~261 sq ft), a separate 1-bedroom apartment with private entrance and parking (~617 sq ft), and a fully finished, livable garage (~1118 sq ft). The stunning backyard oasis features a custom salt water pool, redwood decking, elegant brick hardscape, hot tub, outdoor shower, garden area, and lush lawn. Topping it all off is an oversized 4-car carport—perfect for extra vehicles, a workshop, or recreational use. Walking distance to the amazing Larkey Park and convenient access to freeways, BART, shopping and vibrant Downtown Walnut Creek. A truly rare and versatile property you won’t want to miss! See video tour at 17703rdAve.com
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 4.0 | 2.0 | 84% |
| Square foot | 2,219 | 1,858.5 | 80% |
| Lot Size | 13,312 | 10,460.5 | 82% |
| Price | $2.27M | $1.40M | 96% |
| Price per sq ft | $1.0K | $772 | 94% |
| Built year | 1953 | 1962 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 110 | 2% |
May 15, 2026
$2,275,000
Initial Listing
Sep 14, 2005
$435,000
Public Record