3609 Fairview Dr
5 Unit Apartment Building $1,395,000 ($279,000/Unit) 7.10% Cap Rate Antioch, CA 94509
INVESTMENT HIGHLIGHTS
- Features Five (5) Well-Maintained 2bd/1bth Units Situated on a 8,450 SF Lot
- 100% Occupied by Stable, Paying Tenants
- Amenities Include a Covered Carport w/ Parking for Each Unit, Private Garden, and Patio Space
- Recent Capital Improvements Include a Brand New Roof Installed, Fresh Paint Throughout, Newly Paved Driveway, Updated Kitchens, etc.
- Immediate Cash Flow from Day One of Ownership w/ Tangible Upside
- Prime Antioch Location - Easy Access to Highway 4 and Close to Somersville Towne Shopping Center, Restaurants,, Schools, Parks, and BART
EXECUTIVE SUMMARY
3609 Fairview Dr, presents a stable and turnkey investment opportunity in Antioch, CA. This property features five well-maintained 2-bedroom, 1-bath units, perfectly situated on a spacious 8,450 sq. ft. lot with no deferred maintenance. Recent upgrades include a brand-new roof, fresh paint throughout, a newly paved driveway, new flooring, and fully updated kitchens with modern appliances and granite countertops. With 100% occupancy and stable rent-paying tenants, you’ll enjoy immediate cash flow. Tenants are responsible for gas and electricity, leaving the ability to implement RUBS to offset water and trash expenses. The property offers convenient amenities, including covered carport parking, outdoor and patio space, and is 1.5 miles from Costco and Walmart. Located in a desirable area with easy access to Highway 4, and just minutes from Somersville Towne Center, restaurants, schools, parks, and public transportation, this is an exceptional opportunity for any investor.
PROPERTY FACTS
| Price | $1,395,000 |
| Price Per Unit | $279,000 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 10.37 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,287 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2021 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Kitchen
- Granite Countertops
- Refrigerator
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 857 |
1 of 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 074-253-003-3 | Improvements Assessment | $703,382 |
| Land Assessment | $301,442 | Total Assessment | $1,004,824 |
ZONING
| Zoning Code | R1, Antioch |
