Four-Unit Apartment
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 Market38
Property Features for 2416 L Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-20
Parking features
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
Taxes and HOA fees
Tax Annual Amount
6000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
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
Listing Agency:
EXIT Realty Consultants
(408) 778-9990
Listed By:
Dorothy Coulter · License #01800430
(408) 712-3314
Added: Sep 15
Changed: Oct 21
Last Checked: Oct 22 at 8:06AM
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.
This four-unit residential property contains 3,200 square feet across four two-bedroom, two-bathroom residences. The building dates to 1986 and sits on a 0.2938-acre lot. Interior features include laminate and carpet flooring, and each unit has access to a dishwasher. Central air conditioning and forced-air heating serve the property.
The property is in Antioch and has R-20 zoning. Public water and sewer serve the site. Parking is available on the street.
The property is in Antioch and has R-20 zoning. Public water and sewer serve the site. Parking is available on the street.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 3,200 square feet of building area on a 0.2938‑acre lot
- Built in 1986
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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 - Each residence has two bedrooms and two bathrooms, with central heating and air conditioning.
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 residences, each with 2 bedrooms and 2 bathrooms; 3,200 square feet of building area on a 0.2938‑acre lot; Built in 1986
