809 W 2nd St, Antioch, California 94509, Antioch, 94509 - 3 bed, 3 bath
ACTIVE$800,000$2,773/sqft
Est. Value: $760,592
-4%
AboveEstimate
809 W 2nd St, Antioch, California 94509
3Beds
3Baths
2,773Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($760,592.405) is $39,407.595 (4%) lower than the list price ($800,000). This property may be overpriced.
Key pros and cons
Top Pros:
Mixed-Use Investment Potential: This property offers diversified income streams from two residential units and a commercial Beer Garden, providing a robust investment opportunity.
Top Cons:
Property Age and Maintenance: Built in 1906, the property is over a century old, which may lead to higher ongoing maintenance costs and potential for unforeseen structural or system issues despite recent updates.
Compared to the nearby listings
Price:$800.0K vs avg $532.5K (+$267,500)99%
Size:2,773 sqft vs avg 1,430 sqft97%
Price/sqft:$288 vs avg $34521%
More Insights
Built in 1906 (120 years old).
Condition: Built in 1906, this property is over a century old. While the listing mentions 'some updates' in the residential units, a 'newer roof,' and images show one unit with a recently renovated kitchen and bathroom (modern cabinets, granite, LVP flooring), another residential unit clearly features dated components like a pedestal sink, older tiled floors, and basic white appliances. The property is aged but appears maintained, with major components functional but showing signs of being outdated in parts, aligning with the 'Fair' condition criteria. It requires minor updates in the less renovated unit to meet current standards.
Year Built
1906
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
41120146
Home ConditionFair
Features
Good View:
Patio
View-
About this home
809 West Second St in Antioch, mixed use investment property in the up and coming Downtown Antioch area. This three unit mixed use investment offers two residential units of one 2 bed/1 bath & one 1 bed/1 bath, along with a Beer Garden that occupies the ground floor commercial space. Each of the residential units have some updates/ painted interiors, hardwood floors, and some upgraded appliances. The Beer Garden ( one more year leased) pays for all their own utilities and they have parking for guests both on the property and on the street. Additionally, the property has a newer roof- ready for the new owner. Double lot; Possible 11-22 unit Condo per Antioch City/ approval mixed use zoning Gas stove and fridge included
I
Istvan Sonkoly
Listing Agent
Nearby schools
2/10
Fremont Elementary School
Public,•K-5•0.7mi
2/10
Kimball Elementary School
Public,•K-5•1.1mi
2/10
Antioch Middle School
Public,•6-8•0.9mi
3/10
Antioch High School
Public,•9-12•0.8mi
Price History
Date
Event
Price
10/25/19
Sold
$648,000
10/10/05
Sold
$500,000
04/30/04
Sold
$345,000
Condition Rating
Fair
Built in 1906, this property is over a century old. While the listing mentions 'some updates' in the residential units, a 'newer roof,' and images show one unit with a recently renovated kitchen and bathroom (modern cabinets, granite, LVP flooring), another residential unit clearly features dated components like a pedestal sink, older tiled floors, and basic white appliances. The property is aged but appears maintained, with major components functional but showing signs of being outdated in parts, aligning with the 'Fair' condition criteria. It requires minor updates in the less renovated unit to meet current standards.
Pros & Cons
Pros
Mixed-Use Investment Potential: This property offers diversified income streams from two residential units and a commercial Beer Garden, providing a robust investment opportunity.
Significant Development Upside: Situated on a double lot with mixed-use zoning, there's potential for future development of 11-22 condo units, offering substantial long-term value appreciation.
Strategic Location: Located in the 'up and coming Downtown Antioch area,' the property benefits from anticipated growth and revitalization, enhancing its future appeal and value.
Stable Commercial Income: The ground-floor Beer Garden has an existing lease for another year and covers all its own utilities, ensuring a reliable commercial income stream with reduced owner expenses.
Recent Capital Improvements: The property features a newer roof and updated residential units with painted interiors, hardwood floors, and upgraded appliances, minimizing immediate capital expenditures for a new owner.
Cons
Property Age and Maintenance: Built in 1906, the property is over a century old, which may lead to higher ongoing maintenance costs and potential for unforeseen structural or system issues despite recent updates.
Lower School Ratings: The proximity to schools with ratings of 2-3 out of 10 could be a deterrent for attracting long-term residential tenants, particularly families prioritizing highly-rated educational institutions.
Listing Data Inconsistency: The property is described as a mixed-use, three-unit investment but is classified as a 'Single Family Residence' in the listing data, which could cause confusion during appraisal or financing processes.