Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22 S Lake Dr Antioch, CA 94509

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,195,000

    Four-unit apartment complex in Antioch with strong income potential.

    Lot size:
    0.16 Acres

    Property Features for 22 S Lake Dr

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.16 Acres

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    David Howarth
    Source: Elliman

    Listing Agency: THE PINZA GROUP, INC Listing Agent: David Howarth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Antioch Multifamily Investment Opportunity

    This large four-unit apartment complex presents an excellent investment opportunity in Antioch, California. Built in 1968, the property features approximately 3,300 square feet of rental space on a 6,860 square foot lot. The unit mix consists of four 2-bedroom, 1-bathroom units, with up to eight off-street parking spaces available. Three units are currently occupied by tenants, while the fourth unit will be delivered vacant at closing, making it suitable for an owner-occupant. The property has been fully remodeled, including newer kitchens and bathrooms, new flooring, double-pane windows, upgraded electric meters, new paint, and mature landscaping. Tenants are responsible for all gas and electric expenses, contributing to low operating costs. The property is in great condition, both inside and out, with no deferred maintenance. Situated next to Lake Alhambra, the location offers convenient access to restaurants, coffee shops, shopping options, and the Antioch BART station. This turn-key investment property is easy to manage and offers strong income potential.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Antioch
    County
    Contra Costa
    State
    California
    Longitude
    -121.7924521
    Latitude
    38.00604

    Nearby Similar for Sale

    • $1,150,000
      4,363 SF

      Mixed-Use Property with Established Business

      Operating restaurant, grocery store, and apartment in one property.
      1903 D St, Antioch, CA 94509
      View Details
    • $1,549,900
      4,363 SF

      Mixed-Use Property in Antioch, CA

      Operating restaurant, grocery store, and residential apartment in one property.
      1903 D St, Antioch, CA 94509
      View Details
    • New
      $850,000
      1,190 SF

      Two Homes on One Lot

      Two fully remodeled homes on a large lot in Antioch.
      1936 Vine Ln, Antioch, CA 94509
      View Details
    • $330,000

      Corner Flex Space with Loft

      Corner unit with roll-up door, loft, and open space.
      1000 Apollo Ct, Antioch, CA 94509
      View Details
    • $400,000

      Medical Office in Professional Complex

      Well-appointed medical office space in Antioch, CA for sale.
      3436 Hillcrest Ave, Antioch, CA 94531
      View Details
    • $562,000

      East Antioch Office Space Available

      Office space for sale with easy highway access and signage.
      5159 Lone Tree Way, Antioch, CA 94531
      View Details
    • $1,500,000

      Historic Theater in Rivertown District

      Landmark theater in Antioch's revitalizing Rivertown Business District.
      602 W 2Nd St, Antioch, CA 94509
      View Details
    • $499,900

      Mixed-Use Property in Antioch, CA

      Mixed-use property with residential and commercial income potential in Antioch.
      201 Rossi Ave, Antioch, CA 94509
      View Details
    • Contact for pricing

      Medical/Professional Flex Office Building

      Medical/professional and flex office building in Antioch, California.
      2213 Buchanan Rd, Antioch, CA 94509
      View Details
    • $5,375,000

      Office Building Near CA-4 Freeway

      Office building with convenient location near CA-4 Freeway.
      5249 Deer Valley Rd, Antioch, CA 94531
      View Details
    • $1,500,000

      Downtown Antioch Owner/User Opportunity

      Two-story, 9,956 SF building in downtown Antioch.
      218 I St, Antioch, CA 94509
      View Details
    • $5,375,000
      24,638 SF

      Deer Valley Road Office Building

      Office building for sale on Deer Valley Road.
      5201-5249 Deer Valley Rd, Antioch, CA 94531
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment complex in Antioch with strong income potential.
    Where is this quadplex located?
    The property is located at 22 S Lake Dr Antioch, CA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Excellent current income from a 4-unit apartment complex in an unbeatable Antioch rental location.; - One unit will be delivered vacant, ideal for an owner-occupant.; - **Fully remodeled units with newer kitchens, bathrooms, flooring, double pane windows, upgraded electric meters, and new paint.**
    (510) 822-1331
    Request Owner's contact information
    22 S Lake Dr Antioch, CA 94509
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22 S Lake Dr
    Antioch, CA 94509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 S Lake Dr Antioch, CA 94509
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Howarth
    Real Estate License ID: 01360348
    (510) 822-1331 (510) 725-4775
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!