Low-Rise Multifamily
For Sale
$4,100,000
20 E 16th St, Antioch, CA 94509
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 Market60
Property Features for 20 E 16th St
General Information
Standard status
Active
Size
14,309 SF
Total Parking Spaces
20
Lot size
0.49 Acres
Property subtype
Multi Family Home
Zoning
R-50
Additional Details
Multifamily Units
21
Amenities
on-site laundry facilities
Building Details
Building Size
14,309 SF
Year Built
1960
Stories
2
Tenancy
Multi
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES DRYSDALE PROPERTIES
(650) 208-2155
Listed By:
Alex Barreiro · License #01518613
(650) 208-2155
Source:
Brucebaldwin
Added: Jun 25
Changed: Aug 23
Last Checked: Aug 23 at 6:44AM
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.
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
$227,702
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
5.55%
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%
$4,554,040
$4.6M
Cap Rate 7%
$3,252,886
$3.3M
Cap Rate 9%
$2,530,022
$2.5M
Market Conditions
NOI Build-Up for 14,309 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
$434.4K $30.36/SF
− Vacancy
−$20.4K −$1.43/SF
EGI
$414.0K $28.93/SF
− OpEx
−$186.3K −$13.02/SF
NOI
$227.7K $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%
$4,554,040
Cap Rate 7%
$3,252,886
Cap Rate 9%
$2,530,022
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
967
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?
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 E 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.
