Low-Rise Multifamily
20 16th ST Antioch, CA 94509
20 16th ST, Antioch, CA, 94509
$4,100,000
For Sale
$4,100,000
Low-rise multifamily with 21 units, separately metered utilities, on-site laundry, and 20 parking spaces.
Property Size14,309 SF
Lot Size0.49 Acres
Price / SF$286.53
Days on Market24
Property Features for 20 16th ST
General Information
- Standard status
- Active
- Size
- 14,309 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
BERKSHIRE HATHAWAY HOME SERVICES DRYSDALE PROPERTIES
(925) 244-1933
Listed by
ALEX BARREIRO · License #01518613
Source
Corcoran
Added: Jun 30 Updated: Jul 23 at 12:39AM Checked: Jul 23 at 12:39AM
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 BERKSHIRE HATHAWAY HOME SERVICES DRYSDALE PROPERTIES
Investment Insights
Based on property information with market context.
20 E 16th Street is a well-maintained, low-rise multifamily property spanning 14,309 square feet on a 0.49-acre parcel. The building consists of two residential stories and totals 21 units, including 5 two-bedroom units and 16 one-bedroom units. Originally constructed in 1960, the units feature laminate flooring and kitchens with electric appliances. Each unit is separately metered for water, gas, and electricity, with through-the-wall air conditioners and wall heaters for space heating. On-site laundry facilities are included.
The property also provides 20 total parking spaces, made up of 11 covered carport spaces and 9 surface parking spaces.
With its unit mix, separate utilities, and dedicated parking, the property is set up for day-to-day resident operations within a compact multifamily footprint.
The property also provides 20 total parking spaces, made up of 11 covered carport spaces and 9 surface parking spaces.
With its unit mix, separate utilities, and dedicated parking, the property is set up for day-to-day resident operations within a compact multifamily footprint.
Key Highlights
- 20 E 16th St is a low‑rise multifamily built in 1960 on a 0.49‑acre parcel.
- Two‑story building offers 21 units with a mix of 5 two‑bedroom and 16 one‑bedroom units.
- Units are separately metered for water, gas, and electricity.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $434.4k | $30.36 |
| − Vacancy | −$20.4k | −$1.43 |
| EGI | $414.0k | $28.93 |
| − OpEx | −$186.3k | −$13.02 |
| NOI | $227.7k | $15.91 |
14,309 SF · lease $30.36/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.25M
$2.85M – $3.80M
NOI $227,702 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.06M
NOI $303,408 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Capri Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Low-rise multifamily with 21 units, separately metered utilities, on-site laundry, and 20 parking spaces.
Where is this apartment building located?
The property is located at 20 16th ST Antioch, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 20 E 16th St is a low‑rise multifamily built in 1960 on a 0.49‑acre parcel.; Two‑story building offers 21 units with a mix of 5 two‑bedroom and 16 one‑bedroom units.; Units are separately metered for water, gas, and electricity.
