2503 Bishop Lane, Antioch, California 94509, Antioch, 94509 - 3 bed, 2 bath
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2503 Bishop Lane
Antioch, California 94509
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,152Sq Ft
0Lot Size
Property Price
LIST PRICE$309,888
EST. MARKET VALUE
$294,873
5% AboveMARKET VALUE
SUMMARY
This townhome represents a Strong Value Opportunity, listed at $309,888—positioned well above the $294,874 Fair Market Value by -5%. Featuring a Condition Rating of 4, this Buy-and-Hold Asset provides immediate cash flow with a long-term tenant already in place. While the property requires an unconventional closing timeline, its proximity to Highway 4 and BART ensures sustained rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable, income-generating residential real estate in an established community.
Estimated Market Value
$294,873
Based on Realkey algorithm analyzing recent comparable sales in Antioch.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2503 Bishop Lane Subject 3 bd · 2 ba · 1,152 sqft · $256 | $309,888* List Price | 3 | 2 | 1,152 | $256 | - |
A 2604 2604 Carlton Ln Sold 2 bd · 2 ba · 960 sqft · $276 · 0.0 mi | $265,000 | 2 | 2 | 960 | $276 | 0.0 mi |
B 2505 Sonora Ln Pending 3 bd · 2 ba · 1,152 sqft · $251 · 0.0 mi | $289,000 List Price | 3 | 2 | 1,152 | $251 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1974 (50 years old) and is being sold 'as-is' with a tenant in place. While the central AC was replaced approximately 5 years ago, the listing cautions that marketing photos are from a prior listing and the current condition may differ. Given the age and the 'as-is' status, the property is likely dated and requires minor repairs or updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Rental Yield
With a monthly rent of $3,080 against a $309,888 list price, the property offers a high gross yield and immediate cash flow supported by a stable housing assistance program.
- Strategic Commuter Location
The property is conveniently located near Highway 4 and BART access, ensuring long-term desirability for tenants and easy connectivity to the broader Bay Area.
- Updated Climate Control
The central AC system was replaced approximately five years ago, providing a relatively new major mechanical component that reduces the risk of immediate capital expenditure.
CONSRISKS & DEFICIENCIES
- Atypical Escrow Timeline
The seller's preference to close escrow in early 2027 is highly unconventional, which may complicate financing and deter buyers seeking a standard ownership transfer.
- Condition Uncertainty
The property is sold 'as-is' with outdated marketing photos, presenting a risk of deferred maintenance that may not be apparent until the post-offer inspection.
About 2503 Bishop Lane
Investment opportunity in the established Gentry Courts community of Antioch. This 3 bedroom, 1.5 bath townhome offers approximately 1,152 square feet and is being sold with a long term tenant in place, providing immediate rental income from day one. Current monthly rent is $3,080, with the tenancy supported through a housing assistance program. The long term tenant provides an attractive option for an investor seeking an occupied rental. HOA dues include water and sewer. Community amenities include a swimming pool, clubhouse and greenbelt areas, along with two covered parking spaces. Central AC was replaced about five years ago. Convenient location near shopping, dining, public transportation, Highway 4 and BART access. Property is offered as is with the current tenant. Please do not disturb the occupants. Please make offers subject to inspection. Marketing photos are from a prior listing and are provided for reference only, current condition may differ. Seller prefers to close the escrow in the beginning of 2027.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1974
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $525.0 / Month
Neighborhood Insights
Antioch Unified Schools
Mission Elementary School
Grades K-5 • 0.2 mi
3/10
Park Middle School
Grades 6-8 • 1.1 mi
2/10
Antioch High School
Grades 9-12 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,152 | 1,222.7 |
| Lot Size | - | 1,820.4 |
| Price | $309.9K | $375.8K |
| Price per sq ft | $269 | $302 |
| Built year | 1974 | 1980 |
| HOA | $525.0 | $277 |
| Days on market | 18 | 82 |
Pricing History
Listed for Sale
Oct 6, 2026
$309,888
Initial Listing
Sold
Dec 16, 2019
$274,500
Public Record
Sold
Jul 17, 2014
$165,000
Public Record
Sold
Jan 15, 2009
$89,000
Public Record
Sold
Apr 28, 2004
$225,000
Public Record