Four-Unit Multifamily
New
For Sale
$950,000
2416 L St, Antioch, CA 94509
Four occupied residences provide a two-bedroom, two-bath layout in each unit.
Property Size3,200 SF
Price / SF$296.88
Days on Market3
Property Features for 2416 L St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family Home
Zoning
R-20
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,825
Tenant in Place
Yes
Building Details
Building Size
3,200 SF
Year Built
1986
Buildings
1
Stories
2
Listing Agency:
Exit Realty Consultants
Listed By:
Dorothy Coulter · License #01800430
(408) 712-3314
Source:
Firesiderealty
Added: Oct 23
Last Checked: Oct 23 at 3:49PM
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 Exit Realty Consultants
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Investment Insights
Based on property information with market context.
This 3,200-square-foot multifamily property contains four residences, each configured with two bedrooms and two bathrooms. Built in 1986, the building is currently fully occupied and is described as updated and well maintained. The property is zoned R-20.
Located at 2416 L St in Antioch, California, the property is near shopping, schools, and major commuter routes.
Located at 2416 L St in Antioch, California, the property is near shopping, schools, and major commuter routes.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,200 square feet
- All four units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,787
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,740
$1.1M
Cap Rate 7%
$782,671
$782.7K
Cap Rate 9%
$608,744
$608.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$82.6K $25.80/SF
− Vacancy
−$4.3K −$1.34/SF
EGI
$78.3K $24.46/SF
− OpEx
−$23.5K −$7.34/SF
NOI
$54.8K $17.12/SF
Area
Antioch, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,740
Cap Rate 7%
$782,671
Cap Rate 9%
$608,744
Alternative Uses
Best Use
Multifamily LT 5
$782.7K
$684.8K – $913.1K
NOI $54,787 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$727.5K
$636.5K – $848.7K
NOI $50,922 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$969.3K
$848.2K – $1.13M
NOI $67,853 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
316
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences provide a two-bedroom, two-bath layout in each unit.
Where is this quadplex located?
The property is located at 2416 L St Antioch, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,200 square feet; All four units occupied
