$11,650,000
$11,600,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
2.39 Acres Lot
SOLD DATE : 03/31/2022
Key Details
Sold Price $11,650,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 221121861
Sold Date 03/31/22
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1986
Lot Size 2.390 Acres
Acres 2.39
Property Description
Bay View Apartments offers hard to find all 48 units of large two bedrooms, a very charming apartment community located in the upcoming emplacement hub neighborhood of Antioch, California. The property features all Two large Bedrooms,on 2.39 acres over 39,000 sq ft of living space. The property presents a value-add opportunity for the next savvy buyer in one of the hottest and supply constraint rental markets in the entire country. The area of Antioch has not seen new apartments built in the last decade, further creating pressure on the current rental market demands for the submarket. In addition to the tight vacancy, the community offers a value-add opportunity for a buyer with minimal need for capital projects. The exterior of the property has been immaculately maintained, with extraordinarily little deferred maintenance to the building itself coupled with lush landscaping, an extreme rarity for Bay Area suburban apartments. Capital improvements just completed.
Location
State CA
County Contra Costa
Area Antioch
Direction High Way 4 to A street to Wilbur Ave.
Interior
Heating Central
Cooling Central
Flooring Carpet, Linoleum
Laundry Coin Operated
Exterior
Garage Carport
Utilities Available Natural Gas Connected, City
Water Access Desc Public
Total Parking Spaces 48
Building
Lot Description Auto Sprinkler F&R, Landscape Front
Story 2
Foundation Concrete, Slab
Sewer In & Connected
Water Public
Schools
Elementary Schools Antioch Unified
Middle Schools Antioch Unified
High Schools Antioch Unified
School District Contra Costa
Others
Senior Community No
Tax ID 065-050-006
Special Listing Condition Offer As Is
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Bought with Abella Organization
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Realtors | Lic# 01985645