1600 Aster Dr is a wonderful opportunity to purchase a high cash flowing asset in an up and coming area. The property consists of 9 building, with a total of ±62,140SF on a ±142,311 SF parcel. Property is comprised of (28) 1 bedroom/ 1 bath units, (48) 2 bedroom/ 1 bath units, (4) larger 2 bedroom/2 bath units and (4) spacious 3 bedroom/ 2 bath units. The upper units have balconies, while the lower unit a large patio. Amenities include an on-site laundry facility, pool and gym. Property boasts a tremendous amount of parking, with two gated entrances.
Crestview Pines is a well maintained apartment building, located in a desirable rental area of Antioch, California. The two story wood frame construction property was constructed in 1971 and is set on concrete slab foundations. Each unit includes covered parking and AC. Approximately 50% of the apartments have been upgraded with new floors, counter tops and cabinets. There are several income streams, including but not limited to laundry, pet income and utility expense recapture. PG&E is separately metered, while water and trash removal are provided as a tenant convenience.
Complex is located in a transit-oriented community and is situated approximately 3.6 miles from BART station. This station connects eastern Contra Costa County to San Francisco and Silicon Valley. Antioch is located 20 miles to to Walnut Creek, one of the premier shopping and dining destinations in the Bay Area, with +/- 2,300,000 square feet of shopping and dining options. The property offers residents convenient access to the major Bay Area Employment Centers via Highway 4, which is just +- 4 miles away. Complex is located in close proximity to shopping and schools.
± 7 Year old roof
84 assigned covered parking spots
37 visitor parkings
Antioch is the second largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area along the San Joaquin-Sacramento River Delta. The City of Antioch is approximately 16.3 miles from downtown Concord and 22.7 miles from downtown Walnut Creek, which are both home to several major employers, including John Muir Health, Kaiser Permanente, Safeway, Mt. Diablo Unified School District, Chevron, and PG&E to name a few. San Francisco’s financial district is currently a 1-hour, 20-minute commute via BART, which is now easily accessible due to the opening of the new Antioch eBART Station. eBART is a new light rail train that connects further reaches of Eastern Contra Costa County to the main BART lines.
Composition 84 Units
Building Size 62,140 SF
Parcel Size 142,311 SF
Current CAP 4.6%
Projected CAP 6%
Offered at $22,180,000
David and Erika Rendino
David and Erika RendinoREALTORS®/Owners | RE/MAX Marketplace | DRE# 01252035/01465104
David and Erika Rendino are one of the most respected real estate teams in Sonoma County and are the founding owners of RE/MAX Marketplace. They are recognized by clients and peers as ethical, accomplished and dedicated. They continue to set the standard for excellence, market knowledge, and elite customer service. With more than 25 years of combined experience, David and Erika have closed well over 1,000 transactions since 1998.