423 13Th StAntioch, CA 94509

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