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2023 1st Ave , Walnut Creek, CA 94597
$2,298,000
Est. Payment: $11,604.23/mo
5 Bed
5 Bath
2760 Sqft
Status: active | Days on site: 54
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Chris Heller
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House Description

IMPROVED PRICE-$100K Price Drop! 3 NEW & UPDATED RESIDENCES-MULTI-GENERATIONAL COMPOUND WITH APPROVED LOT SPLIT & INCOME STREAM! Rarely does a property come along that offers this level of versatility, quality craftsmanship, and monetary upside all in one exceptional opportunity. Meticulously designed and thoughtfully improved, this extraordinary multi-residence property presents endless possibilities for multigenerational living, executive lifestyle flexibility, expansion and rental income (Owner has received $8K for mo-mo furnished rental on main 3/2 home & is currently getting $6K for the new 2/2 ADU & $2,750K for new executive studio w/full bath & kitchenette). Each residence comes with full kitchen, laundry & kitchenette (executive studio). The beautifully updated single-story main residence offers 3 bedrooms & 2 bathrooms with stylish finishes, newer appliances and an ideal open layout for everyday living & entertainment. Every detail has been carefully curated to create a warmth and sophistication. Complementing the main home is a NEW ~1,000 sq. ft. voluminous dwelling featuring 2 bedrooms, 2 bathrooms, soaring ceilings, exposed wood beams, hardwood flooring, new appliances w/laundry, & stunning natural light creating an open and elevated ambiance. The quality of construction and architectural detail truly set this residence apart. Currently generating $6K/mo. rent. Adding even more flexibility is the NEW GUEST OR EXECUTIVE SUITE complete with kitchenette and full bathroom — ideal for guests, home office, creative studio, fitness space, or additional income-currently owner is collecting $2,750/mo.rent for this studio. Situated on a FLAT, END OF CUL-DE-SAC location, in one of the area’s most desirable locations of Larkey Estates, this remarkable property is just steps from a private swim club, the beautiful Larkey Park and the beloved Lindsay Wildlife. Minutes to BART, Highway 680, our vibrant downtown amenities, premier shopping, dining, and entertainment, living here makes life so enjoyable, easy & even profitable! (few photos digitally enhanced-for example removal of some PG&E paint markings on street)
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Highlights

Listed by Jennifer DeVinney , 925-389-3437 Engel & Volkers Danville , 925-872-0968. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential
Lot/Acreage
0.27

Year Built

1947

County

Contra Costa

 Neighborhood

Larkey Estates

Listing ID

41135737

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Appliances:Washer
Air Cond:Central Air
Fireplaces:
Floor:Tile,Wood
Other:Eat-in Kitchen

Exterior Features

Lot:Back Yard,Cul-De-Sac,Front Yard,Garden,Sprinklers In Rear,Sprinklers In Front,Sprinklers Timer,Street Level,Yard,No Land Lease
Garage Capacity:5
Roof:Shingle
Others:Concrete,Wood Siding,Has ADU
Parking Features:Garage,Garage Door Opener
Principal Interest
$11,604
Taxes
$1,465

Home Price

$2,298,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$459,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,604.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,604.23 $1,464.98 $0.00 $13,069.20
Yearly $139,250.71 $17,579.70 $0.00 $156,830.41
Total $4,177,521.24 $527,391.00 $0.00 $4,704,912.24

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Walnut Creek, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T22:37:46.000Z

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