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1770 Carmel Drive

Walnut Creek, CA 94596

50 beds
– baths
26,250 sqft
~3/4 acre lot
$456 per sqft
1973 build
– on site

Carmel Pines is a 50-unit value-add apartment community located at 1770 Carmel Dr. in Downtown Walnut Creek, CA. Built in 1973 as a senior apartment community, the property has been operated as such since its completion. However, there is no deed restriction on title limiting the tenant base to seniors, providing potential flexibility for future repositioning. This is a rare opportunity to acquire a well-located multifamily asset in one of the Bay Area's most desirable submarkets, offering strong rental demand, excellent connectivity, and proximity to premier shopping, dining, & entertainment options. Situated on an 0.80-acre lot, Carmel Pines consists of one 3-story residential building & a single-story leasing office and community room, totaling 26,250 SF. The property features fifty 1-bed, 1-bath units, averaging 525 SF, with on-site amenities including a laundry facility, a passenger elevator, & 14 off-street parking spaces. The roof was replaced in 2016, and the main electrical service panel was upgraded in 2009, ensuring a well-maintained infrastructure for future ownership. The Property benefits from an unbeatable downtown Walnut Creek location, just 1/2-mile from Broadway Plaza, the region's premier luxury shopping destination.

Listing courtesy of SFMLS / Cushman & Wakefield

Last checked: Checking… • Last updated Apr 10, 2025 •

MLS# 425028869 —

The Building

Year Built:

1973
Year Built Source:

Assessor Auto-Fill
Building Name:

Carmel Pines
New Construction:

false
Levels:

Three Or More
Stories Total:

3
Roof:

Asphalt
Building Area Total:

26250
Building Area Units:

Square Feet
Building Area Source:

Assessor Auto-Fill

Interior

Laundry Features:

Coin Operated

Room Dimensions

Living Area:

26250
Living Area Units:

Square Feet
Living Area Source:

Assessor Auto-Fill

Location

Cross Street:

Lincoln Avenue
Latitude:

37.9031051
Longitude:

-122.0576133

The Property

Parcel Number:

1783600057
Property Type:

Residential Income
Property Subtype:

Mixed Use
Property Condition:

Fixer
Lot Features:

Curbs/Gutters
Lot Size Area:

34848
Lot Size Acres:

0.8
Lot Size Square Feet:

34848
Lot Size Units:

Square Feet
Irrigation Water Rights:

false
Elevation Units:

Feet

Listing Agent

Contact info:

Beds

Total Bedrooms:

50

Heating & Cooling

Heating:

Wall Furnace
Heating:

true
Cooling:

true
Cooling:

Individual

Utilities

Electric:

Separate Meter
Sewer:

Public Sewer
Water Source:

Public

The Community

Association:

false

Parking

Garage:

false
Carport:

false
Parking Total:

14
Parking Features:

Off Street
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/10/25 Apr 10, 2025	Listed / Active	SFMLS	$11,975,000

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This multifamily located in Downtown Walnut Creek, Walnut Creek, CA 94596 is currently for sale for $11,975,000. 1770 Carmel Drive is a 26,250 square foot multifamily with 50 beds and – baths that has been on Estately for 4 days. 1770 Carmel Drive is in the Downtown Walnut Creek neighborhood of Walnut Creek and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of Walnutcreek Intermediate School, Las Lomas High School, and Buena Vista Elementary School.

Listing Courtesy of: SFMLS and Cushman & Wakefield.

Based on information from the SFMLS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. SFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser SFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.