(925) 937-7400
1340 Mt Pisgah Rd, Walnut Creek, CA 94596
PTLA purchased Walnut Terrace Apartments in 2014, expanding our growing portfolio in the San Francisco East Bay. Located in the heart of Walnut Creek, the property met our investment criteria of Walkability, Affordability and Access to Transportation. Over $250,000 was invested in comprehensive interior and exterior upgrades. Following the completion of the projects and the rebranding of the property, the property was refinanced, returning substantial equity to investors. The resulting value increase from the upgrades amounted to over 60%.
Property Type
Conventional Multi-Family
Acquisition Date
Oct-14
Property Vintage
1966
# of Units
12
Strategy
Renovate & Rebrand
Target Holding Period
10 years
Acquisition Leverage
55%
Equity Type
1031 Exchange