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Walnut Creek, CA

$2,298,000

2023 1st Ave, Walnut Creek, CA
5
Beds
5
Baths
2,760
Sq Ft
1947
Built
54
Days listed

About this home

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)

Facts & features

Interior
Bedrooms
5
Bathrooms
5 full
Living area
2,760 sq ft
Interior features
Eat In Kitchen
Appliances
Washer
Flooring
Tile, Wood
Fireplace
None
Cooling
Central Air
Levels
One
Exterior & lot
Lot size
0.273 acres (11,877 sq ft)
Pool
None
Architectural style
Contemporary, Traditional
Year built
1947
Parking
Garage, Garage Door Opener
Parking spaces
5
Community
County
Contra Costa
Listing details
Status
Active
Property type
Single Family Residence
Days on market
54
Listed
2026-05-29
Original price
$2,398,000
Terms
Cash, Conventional, FHA, Va Loan
Parcel #
1710200369
MLS #
41135737
Listed by
Jennifer DeVinney · Engel & Volkers Danville

Location

Price history

Listed
$2,398,000 · 2026-05-29
Price reduced
$2,298,000 (−$100,000)
Days on market
54
Current price
$2,298,000
Financing

Could this home be yours?

Estimated monthly payment
$14,416
$11,620 principal & interest · $2,796 taxes & insurance
$459,600
Estimate only
Loan $1,838,400

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Estimated value range nearby
$1,941,747$2,279,442

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Listing data provided by CRMLS

Listing courtesy of Engel & Volkers Danville. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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