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Antioch 4 Units with 6.33% Cap Rate 22 S Lake Dr 4 Unit Apartment Building $1,497,610 CAD ($374,402 CAD/Unit) 6.33% Cap Rate Antioch, CA 94509
Investment Highlights
- 4-Unit Apartment Complex Offering Four Large 2bd/1bth Units with Strong Current Income and Excellent Upside
- Remodeled Units with Newer Kitchens & Bathrooms, Wood Flooring, Newer Paint, and Double Pane Windows
- Attractive Antioch Location Across from Lake Alhambra Near Many Restaurants and Shopping Options
- Vacant 2bd/1bth Unit - Perfect for Owner-Occupant
- Easy to Manage, Low Maintenance Property, with Upgraded Electrical, Plumbing, and a Newer Roof
- Separately Metered for PG&E with Low Annual Operating Expenses and No Deferred Maintenance
Executive Summary
Large 4-unit apartment complex with excellent current income and an unbeatable Antioch rental location. The unit mix offers four 2bd/1bth units with up to eight off-street
parking spaces. Three units are occupied with great tenants and the 4th unit is vacant making for a perfect set-up for an owner-occupant. The property was originally built in 1968, offers approximately 3,300 square feet of rental space and sits on a 6,860 square foot lot. The property is easy to manage with low operating expenses with tenants paying all gas and electric expense. The units are fully remodeled with newer kitchens, bathrooms, new flooring, double pane windows, upgraded electric meters, mature landscaping, new paint, and more. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an ideal Antioch rental location next to lake Alhambra. There are numerous restaurants, coffee shops, and shopping options nearby and relatively close to the Antioch BART station.
*** EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
parking spaces. Three units are occupied with great tenants and the 4th unit is vacant making for a perfect set-up for an owner-occupant. The property was originally built in 1968, offers approximately 3,300 square feet of rental space and sits on a 6,860 square foot lot. The property is easy to manage with low operating expenses with tenants paying all gas and electric expense. The units are fully remodeled with newer kitchens, bathrooms, new flooring, double pane windows, upgraded electric meters, mature landscaping, new paint, and more. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is an ideal Antioch rental location next to lake Alhambra. There are numerous restaurants, coffee shops, and shopping options nearby and relatively close to the Antioch BART station.
*** EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
Property Facts
| Price | $1,497,610 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $374,402 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.33% | Building Size | 3,300 SF |
| Gross Rent Multiplier | 11.24 | Average Occupancy | 95% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 2.42/1,000 SF |
| Zoning | R2, Antioch | ||
| Price | $1,497,610 CAD |
| Price Per Unit | $374,402 CAD |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Gross Rent Multiplier | 11.24 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,300 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | R2, Antioch |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 065-235-004-2 | Improvements Assessment | $294,284 CAD |
| Land Assessment | $168,152 CAD | Total Assessment | $462,436 CAD |
Property Taxes
Parcel Number
065-235-004-2
Land Assessment
$168,152 CAD
Improvements Assessment
$294,284 CAD
Total Assessment
$462,436 CAD
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Antioch 4 Units with 6.33% Cap Rate | 22 S Lake Dr
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