NOT LISTED FOR SALE
16 Beds
1 Bath
700 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: April 9, 2024

Last sale price $1,173,000 $1,676 Per Sq Ft

179 Days on Market

About This Home

As of April 2024

In place 6.07% cap rate. 52-54 E 16th Street is an easy to manage, fully leased 7-unit multifamily property on an expansive 16,552 square foot lot. The property consists of two buildings, a one 4-bedroom 2-bath house and a one 6-unit building. The 6-unit building is comprised of six spacious 2-bedroom 1-bath units, all with similar floor plan and each approximately 707 square feet. All units are well maintained with recent updates. 14 on-site parking spaces. Flag lot provides private setting. The house features a generous rear yard while a storage shed hints at the potential for an additional dwelling unit (ADU) or convenient laundry room conversion. Ideal investment opportunity with upside potential, just a 6-minute drive from the Antioch BART Station.

Last Agent to Sell the Property

Louis Cornejo

Urban Group Real Estate License #DRE #01518102 Listed on: 08/25/2023

Last Buyer's Agent

Louis Cornejo

Urban Group Real Estate License #DRE #01518102 Listed on: 08/25/2023

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.38

Home Design

  • Updated or Remodeled
  • Frame Construction
  • Shingle Roof
  • Stucco

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Additional Features

  • 2-Story Property
  • 16,552 Sq Ft Lot

Community Details

  • 7 Units
  • 7 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 065-183-009

Property Details

Home Type

Multi-Family

Lot Details

0.38 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Flats
  • Property Condition: Updated/Remodeled
  • Levels: Two
  • Special Features: None
  • Stories: 0

Exterior Features

  • Construction Materials: Frame, Stucco
  • Roof: Shingle

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 14.00
  • Independent Parking Spaces: 14

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 9340

Lot Info

  • Assessor Parcel Number: 065-183-009
  • Lot Features: None
  • Lot Size Acres: 0.3800
  • Lot Size Sq Ft: 16552.00
  • Lot Size Units: SqFt
  • Price Per Acre: 3086842.11
  • Zoning: R-20

Rental Info

  • Lease Term: Written Agreements
  • Tenant Pays: Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 7

Multi Family

  • Gross Rent Multiplier: 8.85
  • Gross Income Multiplier: 11.690
  • Number Of2 Bedrooms Occupied: 6
  • Number Of4 Bedrooms Occupied: 1
  • Number Of4 Bedroom Units: 1
  • Number Of Units Leased: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Apr 5, 2024
Sold by
Prescott Emily
Bought by
Seller's Agent
Louis Cornejo
Urban Group Real Estate
Buyer's Agent
Louis Cornejo
Urban Group Real Estate
List Price
$1,450,000
Sold Price
$1,173,000
Premium/Discount to List
-$277,000
-19.1%
Views
178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$702,473
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2016
Sold by
Elmwood Investments Llc
Bought by
Prescott Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2013
Sold by
Resolute Properties Llc
Bought by
Elmwood Investments Llc

Purchase Details

Closed on
Dec 21, 2011
Sold by
Evangelical Christian Credit Union
Bought by
Resolute Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,300
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2011
Sold by
Antioch Church Family Inc
Bought by
Evangelical Christian Credit Union

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,300
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2007
Sold by
Immanuel Baptist Church Of Antioch
Bought by
Antioch Church Family Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
6.65%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Antioch, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,173,000 First American Title
Prescott Emily $1,060,000 Stewart Title
Elmwood Investments Llc $625,000 Old Republic Title Company
Resolute Properties Llc $427,000 Old Republic Title Company
Evangelical Christian Credit Union $838,285 Fidelity National Title
Evangelical Christian Credit Union $838,285 Accommodation
Antioch Church Family Inc $3,350,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $720,000
Previous Owner Prescott Emily $603,393
Previous Owner Prescott Emily $688,000
Previous Owner Resolute Properties Llc $384,300
Previous Owner Antioch Church Family Inc $2,400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $1,173,000 -19.1% $1,676 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $1,450,000 0.0% $2,071 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
11/07/2023 11/07/23 Price Changed $1,450,000 0.0% $2,071 / Sq Ft
11/07/2023 11/07/23 For Sale $1,450,000 +23.6% $2,071 / Sq Ft
10/31/2023 10/31/23 Off Market $1,173,000 -- --
08/25/2023 08/25/23 For Sale $1,550,000 -- $2,214 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $17,228 $1,220,389 $801,108 $419,281
2025 $17,228 $1,196,460 $785,400 $411,060
2024 $16,581 $1,206,095 $864,748 $341,347
2023 $16,581 $1,182,447 $847,793 $334,654
2022 $16,354 $1,159,263 $831,170 $328,093
2021 $15,709 $1,136,533 $814,873 $321,660
2019 $15,401 $1,102,824 $790,704 $312,120
2018 $14,836 $1,081,200 $775,200 $306,000
2017 $14,425 $1,060,000 $760,000 $300,000
2016 $9,756 $650,145 $234,051 $416,094
2015 $9,590 $640,380 $230,536 $409,844
2014 $9,267 $627,837 $226,021 $401,816
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423900421

San Francisco Association of REALTORS®
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