3101 Buchanan Rd - Apartments FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$18,000,000 USD
510-433-5816
3101 Buchanan Rd, Antioch, CA for Sale
$18,000,000 USD
Apartments - FOR SALE
1/8
null | 6.36% Cap Rate

3101 Buchanan Rd
Antioch, CA 94509
Pittsburg/Antioch


HIGHLIGHTS

  • $18,000,000 List Price
  • $225,000 Per Unit
  • $282 Per SF
  • Large Parcel Totaling 3.61 Acres
  • Attractive Unit Mix of (46) 1 x 1 & (34) 2 x 2
  • Less than 1 mile from Hwy 4 and a 10-minute drive to Antioch BART station

OVERVIEW

Colliers International is pleased to present the opportunity to acquire Summerwood Apartments, an 80-unit Antioch apartment community located at 3101 Buchanan Road. It is conveniently located directly across the street from a Grocery Outlet, and less than a mile from Somersville Towne Center, a 24-Hour Fitness and Smart & Final anchored shopping center which contains over 500,000 SF of various restaurants, stores, and retail shops. The property is also a 4-minute drive from the Kaiser Permanente Delta Fair Medical Offices. Situated on a 3.61-acre parcel, the property was built in 1988 and features 80 residential units - (46) 1-Bedroom / 1-Bath units and (34) 2-Bedroom / 2-Bath units. The property has a beautifully landscaped courtyard, gated swimming pool with a sundeck, controlled access gate, in-unit washer and dryer hookups, ample surface parking (including covered carports), and private balconies/patios for each unit. The property benefits from excellent regional connectivity, with direct access to major transportation routes. It is situated less than one mile from Highway 4 and within a 10-minute drive of the Antioch BART station, providing residents with seamless access to the greater Bay Area. Throughout 2025, current ownership has invested over $400,000 in capital improvements, enhancing both structural integrity and long-term operational performance. These upgrades included main and subpanel electrical replacements, dry rot remediation, siding repairs across several buildings, and roof repairs completed in April 2025.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

78

PRICE/UNIT

$230,769

CAP RATE

6.36%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

257

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

R3, Antioch

APN/PARCEL ID

089-150-010-0

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

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Ryan RodriguezColliersMore Info
510-433-5816

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