1504 Sycamore Dr, Antioch, California 94509, Antioch, 94509 - bed, bath
ACTIVE$949,900/sqft
1504 Sycamore Dr, Antioch, California 94509
0Bed
0Bath
Sqft
8,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multifamily Investment Opportunity: This quadruplex offers diversified income streams across four units, significantly reducing vacancy risk compared to single-family investments.
Top Cons:
Lower-Rated Schools: Nearby schools, including elementary, middle, and high schools, have lower ratings (2s and 3s), which could be a deterrent for family-oriented tenants and potentially impact long-term appreciation.
Compared to the nearby listings
Price:$949.9K vs avg $742.5K (+$207,400)75%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1977 (49 years old).
Condition: The property was built in 1977, making it 47 years old. The exterior images reveal a dated appearance with faded paint, security bars on windows, and multiple window AC units, indicating a lack of significant exterior updates and likely no central HVAC. The absence of interior photos, coupled with the listing's explicit mention of 'Property Age and Potential Capital Expenditures' and 'Lack of Specific Unit Condition Details' as weaknesses, strongly suggests that the interior units, including kitchens and bathrooms, are in original or very dated condition and require substantial repairs, rehabilitation, and system replacements to meet modern standards and maximize rental income. This aligns with the 'poor' condition criteria requiring substantial repairs and rehabilitation.
Year Built
1977
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120749
Home ConditionPoor
Features
View-
About this home
Excellent opportunity to acquire a well-located 4-plex in Antioch with strong in-place income and immediate upside. The property consists of four units, currently three occupied and one vacant, allowing a new owner to quickly add value through lease-up at market rent. Current rent roll includes $1,800, $1,800, and $2,300 per month, with the vacant unit offering the opportunity to further increase cash flow. Ideal for both owner-investors and seasoned investors seeking a stabilized asset with upside potential. Situated in a convenient Antioch location near shopping, schools, and major commuter routes, this property offers steady tenant demand and long-term rental growth potential. Separate units provide diversified income and reduced vacancy risk. Perfect for investors looking for a value-add multifamily asset with strong fundamentals and room to grow NOI.
M
Mahyar Nooraei
Listing Agent
Nearby schools
2/10
Marsh Elementary School
Public,•K-5•0.6mi
2/10
Antioch Middle School
Public,•6-8•0.8mi
2/10
Park Middle School
Public,•6-8•1.0mi
3/10
Antioch High School
Public,•9-12•0.4mi
Price History
Date
Event
Price
09/01/16
Sold
$454,000
12/07/12
Sold
$193,000
11/21/06
Sold
$705,000
09/20/04
Sold
$600,000
Condition Rating
Poor
The property was built in 1977, making it 47 years old. The exterior images reveal a dated appearance with faded paint, security bars on windows, and multiple window AC units, indicating a lack of significant exterior updates and likely no central HVAC. The absence of interior photos, coupled with the listing's explicit mention of 'Property Age and Potential Capital Expenditures' and 'Lack of Specific Unit Condition Details' as weaknesses, strongly suggests that the interior units, including kitchens and bathrooms, are in original or very dated condition and require substantial repairs, rehabilitation, and system replacements to meet modern standards and maximize rental income. This aligns with the 'poor' condition criteria requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Multifamily Investment Opportunity: This quadruplex offers diversified income streams across four units, significantly reducing vacancy risk compared to single-family investments.
Immediate Value-Add Potential: With one unit currently vacant, a new owner has the immediate opportunity to lease it at market rent, directly increasing cash flow and Net Operating Income (NOI).
Strong In-Place Income: The property boasts a solid existing rent roll from three occupied units, providing immediate returns and a stable financial foundation for investors.
Convenient Location: Situated in a desirable Antioch location, the property benefits from proximity to shopping, schools, and major commuter routes, ensuring steady tenant demand.
Long-Term Growth Potential: The asset is positioned for long-term rental growth and offers significant room to grow NOI, appealing to both owner-investors and seasoned professionals.
Cons
Lower-Rated Schools: Nearby schools, including elementary, middle, and high schools, have lower ratings (2s and 3s), which could be a deterrent for family-oriented tenants and potentially impact long-term appreciation.
Property Age and Potential Capital Expenditures: Built in 1977, the property is nearly 50 years old, suggesting a higher likelihood of needing significant capital expenditures for system replacements (e.g., HVAC, plumbing, electrical) or major renovations to units.
Lack of Specific Unit Condition Details: The description focuses on investment potential but lacks specific details regarding the current condition or recent renovations of the individual units, which may imply a need for cosmetic or functional upgrades to maximize market rents.