2309 Lemontree Way 1, Antioch, California 94509, Antioch, 94509 - 2 bed, 1 bath
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Antioch, California 94509
This Value-Add Condominium is a strategic entry-level Asset listed at $140,000, currently priced near its $124,490 Fair Market Value. Featuring a Fair Condition Rating, this "sweat equity" opportunity requires comprehensive cosmetic modernization to unlock its full appreciation potential. The unit offers essential comforts including Central HVAC, a Carport, and Community Pool access, all within a commuter-friendly radius of Highway 4 and BART and near Antioch High School. This property represents a solid acquisition for Buy-and-Hold Investors or first-time buyers looking to build long-term equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2309 Lemontree Way 1 Subject | $140,000* List Price | 2 | 1 | 822 | $151 | - |
A 2301 Lemontree Way 1 Sold | $118,000 | 2 | 1 | 822 | $144 | 0.0 mi |
B 2101 Lemontree Way 3 Sold | $138,000 | 2 | 1 | 903 | $153 | 0.1 mi |
C 1214 Sycamore Dr 3 Sold | $160,000 | 2 | 1 | 903 | $177 | 0.2 mi |
D 2209 Peppertree Way 1 Sold | $112,500 | 2 | 1 | 822 | $137 | 0.1 mi |
E 2401 Peppertree Ct 4 Sold | $125,000 | 2 | 1 | 925 | $135 | 0.1 mi |
F 2104 Lemontree Way 1 Active | $149,900 List Price | 2 | 1 | 822 | $182 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, the property is functional but significantly outdated, featuring popcorn ceilings, worn carpeting, and basic, older kitchen and bathroom fixtures. The listing identifies it as a 'sweat equity' opportunity, suggesting that while major systems like central heat and air are present, the interior requires comprehensive cosmetic modernization and updates to meet current market standards.
The property is ideally situated near Highway 4 and the Antioch BART extension, offering excellent accessibility for commuters and proximity to local shopping, schools, and trails.
Priced competitively with high rental demand in the area, this 'sweat equity' opportunity allows investors or first-time buyers to build significant equity through modernization.
The unit features central heating and air conditioning, a dedicated storage locker, and a carport, providing functional conveniences that enhance tenant appeal and daily comfort.
The association fee of $697 per month is relatively high compared to the listing price, which may impact monthly cash flow for investors and overall affordability for buyers.
Marketed as a 'sweat equity' project, the property likely requires a significant upfront capital investment for repairs and updates to reach its full market potential.
Fantastic opportunity for investors or first-time buyers! This 2-bedroom, 1-bath condo with central heat and air offers comfort and value. Sweat equity opportunity to turn this unit into a future gem of an opportunity. A dedicated storage locker is located in the garage area next to the carport, and a shared laundry facility serves the four-unit building. The Contra Loma Estates HOA covers landscape maintenance, water, garbage, community pool access, and a community center—adding convenience and value. Ideally located near public transportation, schools, Highway 4, the Antioch BART extension, fairgrounds, walking trails, hiking, boating, fishing, and shopping. This is one of the most desirable floorplans in the community and currently priced to sell. With strong rental demand and attractive income potential, this property offers an excellent opportunity for investors seeking a solid CAP rate.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 822 | 903 | 27% |
| Lot Size | - | - | 50% |
| Price | $140.0K | $160.0K | 47% |
| Price per sq ft | $170 | $177 | 47% |
| Built year | 1969 | 1969 | 50% |
| HOA | $697.0 | $525 | 67% |
| Days on market | 20 | 194 | 7% |
Apr 2, 2026
$140,000
Initial Listing
Dec 19, 2013
$75,000
Public Record
Apr 27, 2010
$33,500
Public Record