423 13th St Antioch, CA 94509-1925
- Apartment buildings
- 13,120 SF
- 0.53 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 423 13th St
- Year built
- 1973
- Construction
- WOOD FRAME
- Lot size
- 0.53 lot acres
- Property size
- 13,120 SF
- Property type
- Apartment buildings
- APN
- 065-103-015-7
- APU
- 651030157
Description
This exceptional investment opportunity presents a 16-unit apartment building located at 423 E. 13th Street, Antioch, CA 94509. The property, built in 1973, consists of two, two-story buildings totaling 13,120 square feet on a 0.53-acre lot. All 16 units are spacious two-bedroom, one-bathroom apartments, each approximately 800 square feet. Currently boasting 100% occupancy, the property generates a strong NOI of $231,158, with a pro-forma NOI of $236,092, representing a 6.21% cap rate and a pro-forma cap rate of 6.35%. The asking price is $3,719,395, translating to $232,462.19 per unit and $283.49 per square foot. Recent improvements include a roof replacement (2018), updated electrical breakers (2016), and renovations in select units featuring new hardwood shaker cabinets, quartz countertops, stainless steel appliances, updated bathrooms, and new flooring. Amenities include on-site laundry, reserved covered and uncovered parking, and individual PG&E meters for each unit. The property is conveniently located near Highway 4, the Antioch BART station, shopping centers, schools, parks, and restaurants, ensuring consistent tenant demand. Zoned R-3, this fee-simple ownership offers significant value-add potential and strong cash flow in a desirable location. The property is being offered for sale as an owner/user investment. Drive-by only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Contra Costa
- State
- California
- Longitude
- -121.797
- Latitude
- 38.0093
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
