Saranap Village 5 Properties in Walnut Creek, CA
EXECUTIVE SUMMARY
Newmark, as the exclusive advisor, is pleased to present Saranap Village, a fully entitled multi-family, mixed-use development opportunity in Walnut Creek, California. This project holds a 20-year development agreement with Contra Costa County, initially expiring in November 2027, with one 10-year extension. Under the State Density Bonus Law, Saranap Village could qualify for a 35%-50% increase in density above the 198 units, potentially enhancing the project’s viability and profitability. Additionally, the project appears in the 5th and 6th Cycle Contra Costa Housing Element Sites Inventory list:
Approved Project
• 122 for-rent apartment units
• 76 for-sale condo units
• ±21,575 SF neighborhood retail space
Conceptual Project
• 297 for-rent apartment units, including 48 below-market units (assumes 50% density bonus)
• ±8,292 SF neighborhood retail space
Approved Project
• 122 for-rent apartment units
• 76 for-sale condo units
• ±21,575 SF neighborhood retail space
Conceptual Project
• 297 for-rent apartment units, including 48 below-market units (assumes 50% density bonus)
• ±8,292 SF neighborhood retail space
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 5 |
| Total Building Size | 47,003 SF |
| Total Land Area | 3.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1285-1295 Boulevard Way, Walnut Creek, CA 94595 | Retail | 12,416 SF | 1947 | $2,910,306 CAD |
| 1326 Boulevard Way, Walnut Creek, CA 94595 | Retail | 5,924 SF | 1956 | $2,910,306 CAD |
|
Sandpiper Apartments
1180 Saranap Ave, Walnut Creek, CA 94595 |
Multifamily | 8,528 SF | 1958 | $6,582,835 CAD |
| 1298-1300 Boulevard Way, Walnut Creek, CA 94595 | Retail | 20,135 SF | 1953 | $5,959,198 CAD |
| 1299 Boulevard Way, Walnut Creek, CA 94595 | Land | 0.31 AC | - | $1,128,090 CAD |
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