12-Unit Garden-Style Apartment
New
For Sale
Contact for pricing
500-522 H Street, Antioch, CA 94509
One-story apartments with separately metered utilities, on-site laundry, and covered and surface parking.
Property Size10,675 SF
Price / SF$224.82
Days on Market7
Property Features for 500-522 H Street
General Information
Standard status
Active
Size
10,675 SF
Property subtype
Multifamily
Zoning
R-1
Net Operating Income
$168,552
Building Details
Year Built
1955
Stories
1
Units
12
Tenancy
Multi
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES DRYSDALE PROPERTIES
(650) 208-2155
Listed By:
Alex Barreiro · License #01518613
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:57AM
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 BERKSHIRE HATHAWAY HOME SERVICES DRYSDALE PROPERTIES
Investment Insights
Based on property information with market context.
This one-story multifamily property at 500-522 H Street in Antioch, California, contains 12 apartments across approximately 10,675 square feet. The unit mix includes 2 two-bedroom residences and 10 one-bedroom residences. Interiors feature laminate flooring, electric kitchen appliances, wall-mounted air conditioning, wall heaters, and individual water heaters. Water, gas, and electricity are separately metered for each unit.
Built in 1955 on a single ±0.80-acre parcel, the property includes coin-operated laundry facilities and 27 parking spaces. Parking consists of 8 covered carport spaces and 19 surface spaces. The site is zoned R-1, and the property has consistent occupancy with in-place cash flow.
Built in 1955 on a single ±0.80-acre parcel, the property includes coin-operated laundry facilities and 27 parking spaces. Parking consists of 8 covered carport spaces and 19 surface spaces. The site is zoned R-1, and the property has consistent occupancy with in-place cash flow.
Key Highlights
- 12 residential units: 2 two‑bedroom and 10 one‑bedroom apartments
- Approximately ±10,675 square feet on a single ±0.80‑acre parcel
- 27 parking spaces: 8 covered carports and 19 surface spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$169,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,397,460
$3.4M
Cap Rate 7%
$2,426,757
$2.4M
Cap Rate 9%
$1,887,478
$1.9M
Market Conditions
NOI Build-Up for 10,675 SF
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.
Gross rent
$324.1K $30.36/SF
− Vacancy
−$15.2K −$1.43/SF
EGI
$308.9K $28.93/SF
− OpEx
−$139.0K −$13.02/SF
NOI
$169.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,397,460
Cap Rate 7%
$2,426,757
Cap Rate 9%
$1,887,478
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.12M – $2.83M
NOI $169,873 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,353 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
757
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - One-story apartments with separately metered utilities, on-site laundry, and covered and surface parking.
Where is this apartment building located?
The property is located at 500-522 H Street Antioch, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12 residential units: 2 two‑bedroom and 10 one‑bedroom apartments; Approximately ±10,675 square feet on a single ±0.80‑acre parcel; 27 parking spaces: 8 covered carports and 19 surface spaces
