Versatile Multi-Unit Property with
For Sale
$899,000
Pending
2803 Minta Ln, Antioch, CA 94509
Multi-unit property featuring a main residence plus two detached living spaces.
Property Size1,682 SF
Days on Market98
Property Features for 2803 Minta Ln
General Information
Standard status
Pending
Size
1,682 SF
Property subtype
Investment
Building Details
Year Built
2001
Units
3
Listing Agency:
Maclennan Investment Group, Inc.
(925) 705-6044
Listed By:
Jesse DeBoer · License #01801793
(925) 705-6044
Source:
Elliman
Added: May 18
Changed: Aug 8
Last Checked: Aug 23 at 6:32AM
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 Maclennan Investment Group, Inc.
Investment Insights
Based on property information with market context.
The Minta Property presents a multi-unit opportunity featuring a 1,682± sq. ft. main residence with 4 bedrooms and 2 bathrooms, along with two additional living spaces in a detached building. These spaces offer flexibility for extended family, guests, work-from-home use, or supplemental rental income. The main home features a functional layout with living spaces including a living room, family room, dining area, and indoor laundry. Interior features include updated flooring, abundant natural light, an open-concept kitchen and dining area, spacious bedrooms, and well-maintained finishes. The outdoor setting includes a swimming pool, patio, and multiple porch areas. The property is located in a bikeable area (bike score 53) and very walkable area (walk score 70) with some transit options (transit score 33). This property offers flexible living arrangements and income-producing potential.
Key Highlights
- Multi‑unit property with income potential from two detached living spaces.
- Spacious 1,682 sq. ft. main residence with 4 bedrooms and 2 bathrooms.
- Swimming pool, patio, and multiple porch areas for outdoor living.**
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
$26,766
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
2.98%
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%
$535,320
$535.3K
Cap Rate 7%
$382,371
$382.4K
Cap Rate 9%
$297,400
$297.4K
Market Conditions
NOI Build-Up for 1,682 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
$51.1K $30.36/SF
− Vacancy
−$2.4K −$1.43/SF
EGI
$48.7K $28.93/SF
− OpEx
−$21.9K −$13.02/SF
NOI
$26.8K $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%
$535,320
Cap Rate 7%
$382,371
Cap Rate 9%
$297,400
Alternative Uses
Best Use
Apartment 5plus
$382.4K
$334.6K – $446.1K
NOI $26,766 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.5K
$445.8K – $594.4K
NOI $35,665 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-unit property featuring a main residence plus two detached living spaces.
Where is this multifamily property located?
The property is located at 2803 Minta Ln Antioch, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Multi‑unit property with income potential from two detached living spaces.; Spacious 1,682 sq. ft. main residence with **4 bedrooms and 2 bathrooms.**; Swimming pool, patio, and multiple porch areas for outdoor living.**
