1183 Saranap Ave , Walnut Creek, CA 94595
$7,995,000
Est. Payment: $40,372.40/mo
0 Bed
0 Bath
0 Sqft
Status: pending | Days on site: 9
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House Description

The Spanish Castle Apartments, located at 1183 Saranap Avenue, Walnut Creek, is a clean, well-located, multi-family property that has been carefully maintained and has now been brought to market for the first time in decades. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations — Walnut Creek. The property is close to BART, shopping, cafes, and coffee shops in Downtown Walnut Creek as well as highly rated schools. The property is also close to Highways I-680 and 24 and provides access to recreational facilities such as Larkey Park/Pool, Civic Park, and Shell Ridge Open Space. The three-story building features uncommon construction details that include a concrete slab foundation, low maintenance stucco exteriors, pitched tile and flat vinyl roof (replaced in February of 2026), carports, additional storage for residents, complex laundry facility, and separate meters for gas and electricity. The property has well-designed floor plans and a mix of easy to rent units: (12) 2BR / 1BA - 870 s.f. +/- (6) 2BR / 1BA – 890 s.f. +/- (9) 1BR / 1BA – 680 s.f. +/- (5) 1BR / 1BA – 695 s.f. +/- (1) 1BR / 1BA TH – 655 s.f. +/- Residents have access to the sparkling pool, beautiful courtyard, and laundry facilities. Many units have been updated in the past several years including new flooring, updated countertops, cabinetry hardware, and fixtures. Four of the units have also benefited from new cabinetry, stainless steel appliances, LVP flooring, new bathrooms and recessed lighting. Walnut Creek is a highly desirable city located about 24 miles East of San Francisco. Served by public transit including BART with two stations and located at the intersection of Highway 24 and Interstate 680, the location offers close proximity to San Francisco, Oakland and most of the Bay Area. Considered a “blend of upscale suburban living with urban convenience,” the city is home to Broadway Plaza, one of the top-rated shopping centers in the Bay Area anchored by Nordstrom, Macy’s, Apple, H&M and Zara. The city has a walkable downtown area with abundant boutiques, cafes and restaurants. It is home to the Lesher Center for the Arts, which offers year-round entertainment in the form of concerts, plays and special events. The city also boasts top rated schools from elementary, middle and high schools near most neighborhoods. California State University, East Bay campus is located just a short drive from Walnut Creek as well.

Highlights

Listed by Shawn Willis , 925-988-0502 Income Property Services , 925-988-0502. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.86

Year Built

1965

County

Contra Costa

Neighborhood

Saranap

Listing ID

41141927

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Gas Water Heater
Air Cond:Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:Sloped Up,No Land Lease
Garage Capacity:42
Zoning:M-29
Roof:Tile
Others:Stucco,2+ Total Units
Principal Interest
$40,372
Taxes
$5,097

Home Price

$7,995,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$1,599,000
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:
$40,372.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $40,372.40 $5,096.81 $0.00 $45,469.22
Yearly $484,468.85 $61,161.75 $0.00 $545,630.60
Total $14,534,065.42 $1,834,852.50 $0.00 $16,368,917.92

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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