22 S Lake Dr Antioch, CA 94509
Four fully remodeled 2-bedroom units include off-street parking and separate gas and electric paid by tenants.
Property Features for 22 S Lake Dr
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.16 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1968
Listing office THE PINZA GROUP, INC (510) 822-1331
Listing date Jul 14, 2026
Source Elliman
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 THE PINZA GROUP, INC
Investment Insights
Based on property information with market context.
The property includes up to eight off-street parking spaces. Tenant-paid utilities are supported by upgraded electric meters, with tenants responsible for gas and electric expenses.
Interior improvements include newer kitchens and bathrooms, new flooring, double-pane windows, and fresh paint. The exterior is described as being in great condition, with mature landscaping. The property has no deferred maintenance noted in the materials provided, and it is presented as relatively straightforward to manage.
Key Highlights
- 4‑unit apartment complex built in 1968 with approx. 3,300 SF of rental space on a 6,860 SF lot
- Unit mix: four 2 bed / 1 bath units; 3 units currently occupied and the 4th unit is vacant
- All units are fully remodeled with newer kitchens and bathrooms, new flooring, new paint, and double pane windows
Local Financial Insights For Multifamily LT 5
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 | $85.1k | $25.80 |
| − Vacancy | −$4.4k | −$1.34 |
| EGI | $80.7k | $24.46 |
| − OpEx | −$24.2k | −$7.34 |
| NOI | $56.5k | $17.12 |
