Diablo Hills
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Diablo Hills in Walnut Creek
I want to tell you about one of the more affordable condo complexes in Walnut Creek. It's a little outside of downtown. It's kind of right smack in the center of town. It's right by the golf course across the street from John Muir Hospital and it's called Diablo Hills. Here's a couple of things that Diablo Hills has going for it.
What’s in Diablo Hills?
Number one, the location, you save a little bit of money because you're not right in downtown Walnut Creek. So units here are a little bit less expensive than they normally would be even if you just put it a couple of blocks towards downtown. Number two, the HOA fees are relatively low. They're about in the high two hundreds, low three hundreds, which yeah, seems like a lot of money every month, but it's really low as compared to some of the other ones that you can find. And number three, it's safe for investors. The owner occupancy rate is above 50% which means that people can buy these and then rent them out or you can buy them, move out, and keep them as a rental at least right now because a lot of these places in Walnut Creek, you can't rent, you gotta buy them and then put your name on a list and then one day you hope that the list gets short enough where you can then rent it. So if you were to move out, you wouldn't have to sell it. There's 184 units here, both one bedrooms and two bedrooms. And they're kind of situated up on the hill, which is nice because a lot of the balconies have views looking out towards the west end of Walnut Creek. Units here at Diablo Hills are a little bit older than average. So what does that mean? Well, there's no washers and dryers in the units. There's a community washer and dryer that you can go to and then there's no central heat and air. So you're going to have window units for your air conditioning and you're going to have electric heat for your heating, which is fine. It's just that a lot of people have grown accustomed to some of the more modern amenities like central air.
Is Diablo Hills affordable?
One-bedroom units here are right in the $350,000 range as of about 2024. It's a really good option if you just want to get a foothold in the real estate game in Walnut Creek, you don't need much space, if you want to see some units or you have questions. Just message us. Thanks.
