22 S Lake Dr - Apartments FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$1,095,000 USD
510-822-1331
22 S Lake Dr, Antioch, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/20
null | 6.33% Cap Rate

22 S Lake Dr
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • 4-Unit Apartment Complex Offering Four Large 2bd/1bth Units with Strong Current Income and Excellent Upside
  • Vacant 2bd/1bth Unit - Perfect for Owner-Occupant
  • Remodeled Units with Newer Kitchens & Bathrooms, Wood Flooring, Newer Paint, and Double Pane Windows
  • Easy to Manage, Low Maintenance Property, with Upgraded Electrical, Plumbing, and a Newer Roof
  • Attractive Antioch Location Across from Lake Alhambra Near Many Restaurants and Shopping Options
  • Separately Metered for PG&E with Low Annual Operating Expenses and No Deferred Maintenance

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

6.33%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Antioch 4 Units with 6.33% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,839 SF

ZONING

R2, Antioch

APN/PARCEL ID

065-235-004-2

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.