3742 Walnut Ave, Concord, California 94519, Concord, 94519 - 2 bed, 2 bath
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3742 Walnut Ave
Concord, California 94519
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,331Sq Ft
8,610Lot Size
Property Price
LIST PRICE$639,888
EST. MARKET VALUE
$659,926
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well above the $685,203 Fair Market Value by -2%. Featuring a Condition Rating of 4, the home offers significant value-add potential through modernization of its 1941 interiors. The 8,610 sq ft lot and basement with a separate entrance provide excellent flexibility for an ADU conversion or rental income. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through renovation.
Estimated Market Value
$659,926+$20,038 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Concord.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3742 Walnut Ave Subject 2 bd · 2 ba · 1,331 sqft · $496 | $639,888* List Price | 2 | 2 | 1,331 | $496 | - |
A 3818 Beechwood Dr Sold 3 bd · 2 ba · 1,216 sqft · $576 · 0.7 mi | $700,000 | 3 | 2 | 1,216 | $576 | 0.7 mi |
B 1759 Landana Drive Sold 3 bd · 3 ba · 1,216 sqft · $543 · 0.6 mi | $660,000 | 3 | 3 | 1,216 | $543 | 0.6 mi |
C 1833 Sandalwood Dr Sold 4 bd · 2 ba · 1,578 sqft · $463 · 0.7 mi | $730,000 | 4 | 2 | 1,578 | $463 | 0.7 mi |
D 1741 6th St Sold 3 bd · 2 ba · 1,699 sqft · $365 · 0.8 mi | $620,000 | 3 | 2 | 1,699 | $365 | 0.8 mi |
E 1831 Venice Dr Sold 2 bd · 1 ba · 901 sqft · $599 · 0.5 mi | $540,000 | 2 | 1 | 901 | $599 | 0.5 mi |
F 1808 Elkwood Dr Sold 3 bd · 2 ba · 1,496 sqft · $551 · 1.0 mi | $824,000 | 3 | 2 | 1,496 | $551 | 1.0 mi |
G 1691 Clayton Way Sold 3 bd · 2 ba · 1,762 sqft · $465 · 0.4 mi | $820,000 | 3 | 2 | 1,762 | $465 | 0.4 mi |
H 1696 Georgia Dr Pending 3 bd · 2 ba · 1,463 sqft · $461 · 0.1 mi | $675,000 List Price | 3 | 2 | 1,463 | $461 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1941, the property shows signs of a renovation that is likely over 20 years old. The kitchen features dated white cabinetry, laminate countertops, and older electric coil appliances. While functional and move-in ready, the interior finishes, fluorescent lighting, and unfinished utility areas require modernization and minor repairs 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 = 8610, living area = 1331.
- Income Potential
The property features a basement with its own separate entrance, providing a turnkey opportunity for a rental unit or ADU conversion to generate passive income.
- Generous Lot Size
Sitting on a spacious 8,610 sq ft lot, the property offers significant room for expansion, landscaping, or additional structures, providing rare flexibility in this price point.
CONSRISKS & DEFICIENCIES
- Modernization Needs
Built in 1941 and described as an 'opportunity,' the home likely requires capital investment for updates and repairs to bring it up to modern aesthetic and functional standards.
- School District Ratings
The property is served by schools with lower performance ratings, specifically a rating of 2 for the middle school and 3 for the elementary school, which may deter some family-oriented buyers.
About 3742 Walnut Ave
Opportunity awaits at this 2-bedroom, 2-bathroom home that sits on a spacious 8600 sq ft lot. It offers a unique combination of living space, storage, and tons of potential. The property features a detached garage along with a basement, providing additional space and flexibility for storage, hobbies or future rental income. The basement has its own entrance so updating it for possible rental income could be a breeze. The generous lot offers plenty of room to enjoy the outdoors and creates opportunities for those looking to personalize, expand, or reimagine the property. Conveniently located near shopping, dining, schools, and commuter routes. Come see the possibilities and imagine making this property your own! Welcome Home!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 8,610 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
Concord Unified Schools
Westwood Elementary School
Grades K-5 • 0.7 mi
3/10
Wren Avenue Elementary School
Grades K-5 • 0.7 mi
5/10
El Dorado Middle School
Grades 6-8 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,331 | 1,620.645 |
| Lot Size | 8,610 | 7,842.227 |
| Price | $639.9K | $831.5K |
| Price per sq ft | $481 | $531 |
| Built year | 1941 | 1963 |
| HOA | $0 | $164 |
| Days on market | 58 | 41 |
Pricing History
Listed for Sale
Oct 20, 2026
$639,888
$674,888
-5% Price Drop
Initial Listing
Price Change
Sep 24, 2026
$674,888
$699,000
-3% Price Drop
Initial Listing
Price Change
Aug 27, 2026
$699,000
Initial Listing
Sold
Jul 31, 2002
$352,000
Public Record