The Cushman & Wakefield Northern California Multifamily Capital Markets Team, is pleased to offer for sale Walnut Terrace, a beautifully renovated, 12-unit turnkey multifamily investment opportunity located in the Heart of Downtown Walnut Creek at 1340 Mt. Pisgah Road. The property features ten 1-Bed, 1.25-Bath units and two 2-Bed, 1.5-Bath Units. Built in 1966, the 8,876 sf 3-story structure is situated on a 11,326 SF lot & includes an on-site laundry facility & 13 parking spaces. All 12 apartment units have been renovated with contemporary finishes & nearly $300,000 has been spent on exterior capital improvements including a new roof (2016) & seismic retrofit (2015). The property boasts a 95 Walk Score (Walker's Paradise) & a 65 Bike Score (Bikeable) as most errands can be accomplished on foot. Broadway Plaza, one of the Bay Area's most visited premier luxury shopping centers, is just steps from the Property. There is a plethora of other fantastic dining, shopping, and entertainment options surrounding the property throughout Downtown Walnut Creek. The property is proximate to some of the East Bay's top employers including Kaiser Permanente, John Muir Health, Safeway, Workday, and Chevron, among many others.
Multi-familyProperty Type
1966Year Built
0.26 acresLot Size
$473Price/Sq.Ft.
13 spacesParking
Listed by Keith Manson•DRE #DRE #01490046• Cushman & Wakefield
•415-773-3592 (agent)
•keith.manson@cushwake.com (agent)
•213-629-6510 (broker)
Listed by Zach Greenwood•DRE #DRE #01960296• Cushman & Wakefield
Downtown Walnut Creek, located between Civic Park and Broadway Plaza, is a walkable and retail-forward Walnut Creek neighborhood with a tree-lined grid and a polished streetscape. The neighborhood’s character concentrates around the Main St & Mt Diablo Blvd crossroads, where sidewalk patios, independent boutiques, and late-night dessert counters keep the blocks in motion. Broadway Plaza frames the modern shopping core, while Lesher Center for the Arts anchors the cultural calendar. Early-20th-century storefronts mix with mid-rise apartments and office towers, giving the streets a citylike cadence. Civic Park and the Iron Horse Regional Trail add green breaks for lunchtime loops and weekend strolls. BART at Walnut Creek Station ties the district to the wider Bay Area.
Provided by Walk Score and Local Logic
Property details
Parking
Parking Information
Parking Features: Covered
# of Parking Total: 13
Interior
Bedrooms Information
# of Bedrooms: 14
Interior Features
Laundry Features: Coin Operated, Common Area
Has Heating
Heating: Central, Gas
Flooring: Carpet, Vinyl
Appliances: Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator
Multi-Family General Information
Units Furnished: None
# of Units Leased: 11
# of Units Total: 12
# of Units Vacant: 1
# of 1 Bedrooms Occupied: 9
# of 2 Bedrooms Occupied: 2
Studio Annual Occupancy: 0
1 Bedroom Annual Occupancy: 0
2 Bedroom Annual Occupancy: 0
3 Bedroom Annual Occupancy: 0
4 Bedroom Annual Occupancy: 0
Exterior
Exterior Features
Patio And Porch Features: Balcony/Deck, Patio
Building Information
Living Area: 8876
Living Area Units: Square Feet
Living Area Source: Assessor Auto-Fill
Building Area Total: 8876
Building Area Units: Square Feet
Building Area Source: Assessor Auto-Fill
Levels: Two
# of Stories Total: 2
Construction Materials: Frame, Wood
Year Built: 1966
Roof: Asphalt
Property Type
Property Type: Residential Income
Property SubType: Multi Family
Property Subtype 1: 5 or More Units
Property Information
# of Buildings: 1
Property Condition: Updated/Remodeled
Lot Information
Lot Features: Curb(s), Curbs/Gutters, Sidewalk, Other
Lot Size Sq. Ft.: 11326
Lot Size Acres: 0.26
Lot Size Area: 11326
Lot Size Units: SqFt
Lot Size Units: Square Feet
Elevation: 0
Elevation Units: Feet
Utilities
Utility Information
Gas: Separate Meter
Electric: Separate Meter
Electricity and solar
View estimated energy costs and solar savings for this home
Home facts updated by county records on Aug 25, 2026
Sale and tax history for 1340 Mt Pisgah Rd
Sale History
Tax History
Date
Event
Price
Public Records
Aug 18, 2026
Sold
$4,130,000
$465/sq ft
San Francisco MLS #425086311
Mar 2, 2026
Pending
—
Nov 10, 2025
Listed
$4,200,000
$473/sq ft
RENTALBEAST #6
May 23, 2025
Rental Removed
$2,195
$0/sq ft
Mar 19, 2025
Price Changed
$2,195
$0/sq ft
Mar 14, 2025
Listed for Rent
$2,235
$0/sq ft
San Francisco MLS #425028480
Apr 9, 2025
Listed
*
RENTALBEAST #5
Aug 19, 2024
Rental Removed
$2,195
$0/sq ft
Jul 3, 2024
Listed for Rent
$2,195
$0/sq ft
RENTALBEAST #4
Jul 3, 2024
Rental Removed
$2,195
$0/sq ft
Jul 2, 2024
Listed for Rent
$2,195
$0/sq ft
RENTALBEAST #1
Jul 2, 2024
Rental Removed
$2,235
$0/sq ft
May 17, 2024
Listed for Rent
$2,235
$0/sq ft
Mar 20, 2024
Rental Removed
$2,195
$0/sq ft
Mar 20, 2024
Listed for Rent
$2,195
$0/sq ft
RENTALBEAST #3
Apr 13, 2024
Rental Removed
$2,235
$0/sq ft
Apr 1, 2024
Listed for Rent
$2,235
$0/sq ft
RENTALBEAST #2
Apr 17, 2024
Rental Removed
$2,235
$0/sq ft
Apr 14, 2024
Listed for Rent
$2,235
$0/sq ft
Apr 1, 2024
Rental Removed
$2,235
$0/sq ft
Mar 20, 2024
Listed for Rent
$2,195
$0/sq ft
Public Records
Oct 31, 2014
Sold
$1,481,000
$167/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$42,391 (+0.4%)
$1,471,061 + $1,710,107
$3,181,168
2024
$42,225 (+2.7%)
$1,442,217 + $1,676,576
$3,118,793
2023
$41,127 (+1.0%)
$1,413,939 + $1,643,702
$3,057,641
2022
$40,739 (+3.1%)
$1,386,215 + $1,611,473
$2,997,688
2021
$39,523 (+2.2%)
$1,359,035 + $1,579,876
$2,938,911
2020
$38,671 (+1.0%)
$1,332,388 + $1,548,899
$2,881,287
2019
$38,299 (+3.4%)
$1,318,726 + $1,533,017
$2,851,743
2018
$37,046 (+2.5%)
$1,292,869 + $1,502,958
$2,795,827
2017
$36,129 (+2.3%)
$1,242,666 + $1,444,598
$2,687,264
2016
$35,327 (+2.6%)
$1,242,666 + $1,444,598
$2,687,264
2015
$34,421 (+167.5%)
$1,218,300 + $1,416,273
$2,634,573
2014
$12,866 (+3.9%)
$180,443 + $443,564
$624,007
2013
$12,382 (+5.2%)
$180,443 + $443,564
$624,007
2012
$11,771 (+3.9%)
$179,628 + $441,560
$621,188
2011
$11,327 (+4.0%)
$176,106 + $432,902
$609,008
2010
$10,895
$172,653 + $424,414
$597,067
2009
$10,888 (+0.9%)
$171,363 + $421,243
$592,606
2008
$10,794
$171,771 + $422,244
$594,015
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1966
Finished Sq. Ft.
4,284
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,284
Year built
1966
Style
Multi-Family (5+ Unit)
County
Contra Costa County
APN
1782620155
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
M1
Multi-Family Residential District
The purpose of the Multiple Family Residential Districts is to promote and encourage single and multiple family development at densities that are consistent with the General Plan land use designation and surrounding development. The intent is to provide for higher density classifications in and around the core area and adjacent to major transit centers. The lower density classifications will serve as a transition between single family development and commercial areas or higher density residential areas.; In the Core Area, ground floor commercial or retail uses may be permitted upon approval of a conditional use permit (subject to a specific set of findings) in multistory, high density residential complexes. The intent is to provide convenient services for the tenants living in and around these higher density residential complexes.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Recreation
Park & open space
Dec 18, 2019 • Final
Building new construction, additions, alterations or sign
Electrical
Jul 14, 2016 • Active
Reroof - multifamily residential, commercial or residential with overlay
Remove the existing wood shake roof and replace it with new composition shingles.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
4/10 Heat Factor
8 days above 96° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Walnut Creek, CA • 94596
Average low and high temperatures (°F)
59
40
63
43
71
47
70
48
77
52
82
55
81
56
87
59
84
58
77
53
63
46
57
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Walnut Creek. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1340 Mt Pisgah Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.