2208 Spanos St, Antioch, California 94509, Antioch, 94509 - 0 bed, 0 bath
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Antioch, California 94509
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $949,000, positioned slightly above the $947,350 Fair Market Value. While the property shows a Fair Condition Rating due to its 1978 vintage, it offers immediate stability as a fully rented asset with long-term tenants. Key features include private fenced backyards, covered parking, and an on-site laundry facility. This stable, income-generating asset is ideal for Buy-and-Hold Investors or Portfolio Diversifiers seeking a reliable, self-managed rental property in a convenient location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2208 Spanos St Subject | $949,000* List Price | 0 | 0 | 3,300 | $287 | - |
A 1508 Sycamore Drive Active | $1,125,000 List Price | 0 | 0 | 3,300 | $341 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, this 4-plex is 46 years old. The images reveal kitchens and bathrooms with very dated light wood, flat-panel cabinets, laminate countertops, older white appliances, and basic fixtures, suggesting they are either original or were last renovated 20-30+ years ago. Flooring appears to be worn linoleum/vinyl and carpet. While the property is fully rented and appears to be maintained for functionality, it shows significant signs of age and has not undergone major modern renovations. It is functional but requires substantial modernization and updates to meet current aesthetic and quality standards, aligning with the 'fair' condition criteria.
The property is a fully rented 4-plex with long-term tenants expressing a desire to stay, ensuring immediate and stable rental income for the new owner and minimizing vacancy risk.
Conveniently located near shopping, restaurants, bus lines, and freeway access, enhancing tenant appeal and demand for the units.
Units offer attractive features such as private fenced backyards (lower units), a balcony (upper unit), coin-operated laundry, and dedicated covered/uncovered parking, increasing tenant satisfaction and retention.
Built in 1978, the property is 46 years old, which may indicate a need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization in the near future.
The surrounding public schools have relatively low ratings (2-3 out of 10), which could be a disadvantage for attracting long-term family tenants or impacting overall neighborhood desirability for some demographics.
All units are 2-bedroom, 1-bathroom, which might limit appeal to certain tenant demographics, such as families desiring more bathrooms or multiple roommates seeking individual facilities, potentially affecting rent potential or tenant pool.
Fully rented 4-plex in small complex. All units have 2-bedroom, 1-bath. Lower units have each have private, fenced backyard with patio pad. One upper unit has a balcony. Coin operated laundry in attached laundry room. Covered carport parking and and additional uncovered parking space for each unit. Partially gated complex. Desireable location. Lots of amenities for tenants looking for apartment units with convenient location near shopping, restaurants, bus lines and freeway access. Long-term tenants want to stay after sale. Self-managed HOA with very reasonable HOA dues.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.0 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,300 | 1,650 | 83% |
| Lot Size | 8,370 | 6,363.5 | 67% |
| Price | $949.0K | $617.5K | 83% |
| Price per sq ft | $288 | $296 | 50% |
| Built year | 1978 | 1962 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 188 | 125 | 83% |
Nov 30, 2025
$949,000
Initial Listing
Jun 7, 2013
$428,000
Public Record
Mar 15, 2010
$245,000
Public Record
Jul 27, 2005
$725,000
Public Record
Aug 27, 1999
$190,000
Public Record