Remodeled Apartment Building with
For Sale
$3,850,000
3126 Lone Tree Way, Antioch, CA 94509
Remodeled apartment building with fourteen 2bd/1bth and two 3bd/2bth units.
Property Size13,456 SF
Price / SF$286.12
Days on Market318
Property Features for 3126 Lone Tree Way
General Information
Standard status
Active
Size
13,456 SF
Property subtype
Commercial
Amenities
Other
Building Details
Year Built
1963
Listing Agency:
THE PINZA GROUP, INC
(510) 725-4775
Listed By:
JAY FLORES · License #02037775
(925) 290-7044
Source:
Corcoran
Added: Dec 2, 2025
Changed: Oct 12
Last Checked: Oct 14 at 11:02PM
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
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Investment Insights
Based on property information with market context.
This apartment building features an ideal unit mix comprised of fourteen 2-bedroom, 1-bathroom units and two 3-bedroom, 2-bathroom units. The property has been entirely remodeled inside and out within the last five years, including a new roof and fully remodeled units. Each unit is separately metered for water, gas, and electric. Residents can enjoy private balconies and covered parking. The 13,456 square foot building offers potential for additional revenue through the implementation of RUBS (Ratio Utility Billing System) and storage income. The property is located in an up-and-coming area near shopping and commercial businesses.
Key Highlights
- $100K price improvement
- Ideal unit mix: fourteen 2bd/1bth and two 3bd/2bth units
- Low annual expenses: separately metered for water, gas, and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,128
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,282,560
$4.3M
Cap Rate 7%
$3,058,971
$3.1M
Cap Rate 9%
$2,379,200
$2.4M
Market Conditions
NOI Build-Up for 13,456 SF
Gross rent
$408.5K $30.36/SF
− Vacancy
−$19.2K −$1.43/SF
EGI
$389.3K $28.93/SF
− OpEx
−$175.2K −$13.02/SF
NOI
$214.1K $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 Rate 5%
$4,282,560
Cap Rate 7%
$3,058,971
Cap Rate 9%
$2,379,200
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,128 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,321 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
707
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?
Apartment building - Remodeled apartment building with fourteen 2bd/1bth and two 3bd/2bth units.
Where is this apartment building located?
The property is located at 3126 Lone Tree Way Antioch, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: $100K price improvement; Ideal unit mix: fourteen 2bd/1bth and two 3bd/2bth units; Low annual expenses: separately metered for water, gas, and electric
