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The Pines

Walnut Creek, CA

120 Units

Built in 1961

Value Add

Investment Highlights

  • Compelling Value-Add Upside: The Pines offers a compelling value-add opportunity through programmatic interior upgrades and common area enhancements. Unit interiors have only received modest improvements upon turnover during current ownership, allowing a future owner to capture significant rent premiums through a comprehensive renovation program.
  • Walking Distance to Downtown Walnut Creek: Walnut Creek's vibrant downtown district, located within a 10-minute walk of the property, offers one of the premier shopping and dining destinations in the East Bay. The Walnut Creek BART station, also located in downtown, provides easy access to key Bay Area destinations such as Oakland (24 minutes) and San Francisco (35 minutes).
  • Access to Major Employment Centers: The Pines is proximate to major Bay Area job centers including downtown Walnut Creek, Oakland, San Francisco, and the Tri-Valley (San Ramon-Pleasanton-Dublin). The East Bay's robust offering of lifestyle amenities with relative affordability for both housing and office space has continued to make it a popular destination for residents and employers.
  • Award-Winning School District: Residents at The Pines enjoy access to the highly ranked Walnut Creek Elementary and Acalanes Union High School Districts. All three of The Pines' feeder schools have repeatedly achieved California Distinguished School Honors and boast an average GreatSchool rating of (9.3/10).

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