Multifamily Property with
New
For Sale
$1,100,000
123 W 10th Street, Antioch, CA 94509
Residential income property with flexible interior space, outdoor area, and alternative heating and cooling systems.
Property Size4,368 SF
Lot Size0.15 Acres
Price / SF$251.83
Days on Market3
Property Features for 123 W 10th Street
General Information
Standard status
Active
Size
4,368 SF
Total Parking Spaces
1
Lot size
0.15 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,342
Building Details
Year Built
1949
Listing Agency:
Haylen Group
(888) 406-5788
Listed By:
Helen Chong · License #01700495
(408) 800-5478
Source:
Exitrealty
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haylen Group
Investment Insights
Based on property information with market context.
This multifamily property in Antioch provides approximately 4,368 square feet of living space on a 6,604-square-foot lot. Built in 1949, the property includes a single-car garage and alternative heating and cooling systems, along with indoor and outdoor areas that support varied residential needs.
The property is located at 123 W 10th Street and is served by the Antioch Unified Elementary School District. Its Antioch setting places the residence within the city’s local community-services network.
The property is located at 123 W 10th Street and is served by the Antioch Unified Elementary School District. Its Antioch setting places the residence within the city’s local community-services network.
Key Highlights
- Approximately 4,368 square feet of living space
- 6,604‑square‑foot lot
- Single‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,180
$1.4M
Cap Rate 7%
$992,986
$993.0K
Cap Rate 9%
$772,322
$772.3K
Market Conditions
NOI Build-Up for 4,368 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$132.6K $30.36/SF
− Vacancy
−$6.2K −$1.43/SF
EGI
$126.4K $28.93/SF
− OpEx
−$56.9K −$13.02/SF
NOI
$69.5K $15.91/SF
Area
Antioch, CA
Vacancy
4.70%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,180
Cap Rate 7%
$992,986
Cap Rate 9%
$772,322
Alternative Uses
Best Use
Apartment 5plus
$993.0K
$868.9K – $1.16M
NOI $69,509 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,619 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
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Business Placement
Demographics for 94509, CA
69,931
Population
24,048
Households
2.9
Avg Household Size
36
Median Age
19%
College-Educated
82%
High-School Grad
17.4 sq mi
ZIP Area
4,019
Density / Sq Mi
$81,512
Median Household Income
$42,401
Median Earnings
$2,052
Median Rent
$565,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property with flexible interior space, outdoor area, and alternative heating and cooling systems.
Where is this multifamily property located?
The property is located at 123 W 10th Street Antioch, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4,368 square feet of living space; 6,604‑square‑foot lot; Single‑car garage
