1856 1856 Almond Ave, Walnut Creek, California 94596, Walnut Creek, 94596 - 2 bed, 2 bath
1856 1856 Almond Ave
Walnut Creek, California 94596
Property Price
SUMMARY
Analysis of 1856 1856 Almond Ave, Walnut Creek, California 94596 reveals a property with a current list price of $1,198,000, which is 12% above the estimated $1,069,097 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1856 1856 Almond Ave Subject | $1,198,000* List Price | 2 | 2 | 1,330 | $804 | - |
A 1538 Brooks St Sold | $1,225,000 | 2 | 3 | 1,592 | $769 | 0.0 mi |
B 2610 Walnut Blvd Sold | $1,135,000 | 4 | 2 | 1,622 | $700 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property features a 1932 main residence and three detached studios marketed primarily as a development opportunity. While the units are currently functional and generating rental income, the 90-year-old structures are significantly aged and show signs of being outdated. The listing's emphasis on 'reimagining' the property and the requirement for a historic evaluation suggest that while the home is maintained for occupancy, the kitchen, bathrooms, and major systems have not undergone recent comprehensive renovations and require modernization to meet current market standards.
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 = 7440, living area = 1330.
- Prime Downtown Location
Situated in the heart of Walnut Creek, the property is within walking distance to Broadway Plaza, BART stations, and top-rated schools, offering unparalleled convenience and lifestyle appeal.
- Multi-Unit Income Potential
Featuring three detached studios with full bathrooms in addition to the main residence, this property provides immediate rental income opportunities or flexible space for multi-generational living.
CONSRISKS & DEFICIENCIES
- Historic Preservation Constraints
The 1932 main residence requires a formal historic evaluation before any improvements can be submitted, which may limit design flexibility and extend project timelines.
- Complex Zoning Requirements
Prospective buyers face a significant due diligence burden to verify zoning, planning, and permit processes with the city, suggesting potential regulatory hurdles for future development.
About 1856 1856 Almond Ave
Prime Development Opportunity in the Heart of Downtown Walnut Creek. Rare & Versatile Property Includes 1932 Classic Main Residence PLUS (3) Detached Existing Studios with Full Bathrooms. Substantial Development Potential in a High-Demand Area Located in the Vibrant Core Downtown District. The Separate Existing (3) Units Offer Rental Income or Flexibility for Expansion, In-Law Suites or Home Office - Endless Possibilities and Cash Flow Potential. Expand Main Residence on Expansive Lot. Significant Upside for Developers, Investors, or End-Users Seeking to Expand or Reimagine. Walking Distance to Broadway Plaza's Upscale Shopping & Dining, Multiple BART Stations, Top-Rated Schools, Parks, Entertainment, and Ongoing Urban Growth. Don't Miss This Unmatched Location. Buyer to Verify All Zoning, Planning, & Permit Process with City of Walnut Creek on Requirements/Use. A Historic Evaluation is Required with City before Submitting Plans for Improvements on Main 1932 House. Opportunities like this don't last long! Views: Downtown
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1932
- Lot Size
- 7,440 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 4.0 | 4% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,330 | 2,096 | 9% |
| Lot Size | 7,440 | 16,000 | 9% |
| Price | $1.20M | $1.60M | 6% |
| Price per sq ft | $901 | $796 | 81% |
| Built year | 1932 | 1957 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 139 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,198,000
Initial Listing
Sold
Dec 6, 2024
$1,024,000
Public Record