The Waterfront Plaza

Sold For $1,450,000

Units 8

PROPERTY DESCRIPTION

The Waterfront Plaza is a turn-key asset located in Antioch, California just 5 blocks from city hall and a short drive to Summersville Shopping Center.The property is well appointed with eight 2-bedroom, 1-bath remodeled apartment units with covered parking and individual storage lockers for each tenant. There are individual gas, electric, and water meters, and the property sits on a 10,000 sqft lot zoned RTR-10.The recent addition of the Antioch BART station has connected easter Contra Costa county to San Francisco and Silicon Valley, positioning The Waterfront Plaza for future growth.

• Unique Water-Front Property

• Turn-Key Asset

• 6% Stabilized Cap Rate

• Individual Water Meters

• Proximity to Antioch BART

FEATURES & CONDITION

The subject property consists of fully remodeled large 2-bedroom 1-bath units with all new dual pane windows and granite kitchens. There is ample parking around the property which has sprawling grounds and common areas. There are laundry hook-ups in each unit and additional space to add private patios, along with a fully fenced garbage area and security gates on each door. The property has a new roof and sewer lateral and has been well maintained. The individual water meters keep expenses very low.

PROPERTY LOCATION

The Waterfront Plaza is in close proximity to Antioch Pier, city hall, and other downtown attractions. Residents benefit from proximity to Somersville Town Center with national tenants such as Macy’s and In-N-Out Burger. Completed in 2018, the Antioch BART station serves central Antioch as well as commuters to San Francisco. It also attracts passengers from Oakley, Brentwood, and Discovery Bay, connecting eastern Contra Costa residents to job centers across the Bay Area.

PARTIAL CAPITAL IMPROVEMENT LIST

New kitchens and baths, new paint and flooring, new doors, new roof and gutters, and sewer lateral. All AC units and furnaces have been serviced. New decking, new dual pane windows.