Four-Unit Multifamily
For Sale
$950,000
2416 L Street, Antioch, CA 94509
ResidentialIncome, Antioch, CA
Property Size3,200 SF
Lot Size0.29 Acres
Price / SF$296.88
Days on Market49
Property Features for 2416 L Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-20
Parking features
Garage, On Street
Appliances
Dishwasher
Elementary school
AntiochUnified
High school
AntiochUnified
Elementary school district
AntiochUnified
High school district
AntiochUnified
Subdivision
Antioch
Standard status
Active
APN
074-353-132-9
Size
3,200 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6000
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet
Roof type
Shingle, Composition
Buildings
1
Listing Agency:
EXIT Realty Consultants
(408) 778-9990
Listed By:
Dorothy Coulter · License #01800430
(408) 712-3314
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 2 at 7:06PM
MLS# ML82061381
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1986, this four-unit property contains 3,200 square feet across four two-bedroom, two-bath residences. The units are occupied. Interior finishes include laminate and carpet flooring, and each residence has a dishwasher. Central air conditioning and central, forced-air heating serve the property.
The 0.2938-acre site is zoned R-20. Parking options include a garage and on-street spaces. Public water and public sewer serve the property. Shopping, schools, and commuter routes are nearby.
The 0.2938-acre site is zoned R-20. Parking options include a garage and on-street spaces. Public water and public sewer serve the property. Shopping, schools, and commuter routes are nearby.
Key Highlights
- Four occupied units, each with two bedrooms and two bathrooms
- 3,200 square feet of building area on 0.2938 acres
- R‑20 zoning
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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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with two bedrooms and two bathrooms in each unit.
Where is this quadplex located?
The property is located at 2416 L Street 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 occupied units, each with two bedrooms and two bathrooms; 3,200 square feet of building area on 0.2938 acres; R‑20 zoning
