3609 Fairview Dr
Antioch, CA 94509


  • $1,395,000
  • 4,287 Sq/ft
  • Built in 1968

Details

• Reduced Price: $1,395,000
• Features Five (5) Well-Maintained 2bd/1bth Units Situated on a 8,450 SF Lot
• Recent Capital Improvements Include a Brand New Roof
Installed, Fresh Paint Throughout, Newly Paved Driveway, Updated Kitchens w/ Modern Appliances and Granite
Countertops, as well as Updated Hardwood Flooring
• 100% Occupied by Stable, Paying Tenants
• Immediate Cash Flow from Day One of Ownership
• Amenities Include a Covered Carport w/ Parking for Each
Unit, Private Garden, and Patio Space
• Prime Antioch Location - Easy Access to Highway 4 and
Close to Somersville Towne Shopping Center, Popular
Restaurants, Cafes, Schools, Parks, and Public Transportation Options

OFFERING SUMMARY
COUNTY: Contra Costa
BUILDING SF: 4,287 SF
LAND SF: 8,450 SF
NUMBER OF UNITS: 5
YEAR BUILT: 1968
APN: 074-253-003-3

FINANCIAL SUMMARY
PRICE: $1,395,000
PRICE PSF: $325.40
PRICE PER UNIT: $279,000
OCCUPANCY: 100.00%
NOI (CURRENT): $99,031
NOI (PRO FORMA): $115,735
CAP RATE (CURRENT): 7.10%
CAP RATE (PRO FORMA): 8.30%
CASH ON CASH (CURRENT): 8.02%
CASH ON CASH (PRO FORMA): 11.06%
GRM (CURRENT): 10.37
GRM (PRO FORMA): 9.23

PROPOSED FINANCING
LOAN TYPE: Interest Only
DOWN PAYMENT: $550,049
LOAN AMOUNT: $844,952
INTEREST RATE: 6.50%
LOAN TERMS: 10
ANNUAL DEBT SERVICE: $54,922
LOAN TO VALUE: 61%

Property Overview
• 3609 Fairview Dr, presents a stable and turnkey investment
opportunity in Antioch, CA. This property features five well-
maintained 2-bedroom, 1-bath units, perfectly situated on a
spacious 8,450 sq. ft. lot with no deferred maintenance.
Recent upgrades include a brand-new roof, fresh paint
throughout, a newly paved driveway, new flooring, and fully updated kitchens with modern appliances and granite
countertops. With 100% occupancy and stable rent-paying tenants, you’ll enjoy immediate cash flow. Tenants are responsible for gas and electricity, leaving the ability to
implement RUBS to offset water and trash expenses. The
property offers convenient amenities, including covered
carport parking, outdoor and patio space, and is 1.5 miles
from Costco and Walmart. Located in a desirable area with
easy access to Highway 4, and just minutes from
Somersville Towne Center, restaurants, schools, parks, and
public transportation, this is an exceptional opportunity for
any investor.

Location Overview
• Located just an hour from San Francisco, Antioch offers a
perfect balance of small-town charm and easy access to the
Bay Area via roadways and BART service. Its vibrant
downtown along 2nd Street features a variety of locally-
owned shops, restaurants, and entertainment, anchored by
the historic El Campanil Theatre, which hosts live
performances and film screenings throughout the year.
Outdoor enthusiasts will love Prewett Family Park, known
for its popular summer water park, and the nearby San
Joaquin River, which offers boating, fishing, and swimming.
For those who enjoy exploring nature, the expansive Contra
Loma and Black Diamond Mines Regional Parks offer miles
of trails for hiking, camping, and adventure on the town’s
southwest edge.

Images

Contact

Feel free to contact us for more details!

Alec Matut

Alec Matut

The Pinza Group, Inc. (DRE: 01941229)

DRE: 02115659
The Pinza Group, Inc. (DRE: 01941229)