423 13Th StAntioch, CA 94509

Property Details for 423 13Th St

Year built

1973

Construction

WOOD FRAME

Lot size

0.53 AC

Property size (Sq ft)

13,120 SF

Property type

Residential income properties

Property subtype

Other 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

• CAP approach

  CAP return

  Valuation

  6%

  $7,513,940

  6.5%

  $6,935,945

  7%

  $6,440,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,716,847

  Geo Method

  $2,903,574

• Alternative Use

  Use

  Valuation

  Residential

  $6,935,945

  Hospitality

  $6,353,288

  Educational

  $5,285,862

  Medical

  $5,467,650

  Retail

  $8,222,451

Location Insight

City

Antioch

County

Contra Costa

State

California

Latitude

38.0093

Longitude

-121.797

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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