2512 Edison Avenue
Sacramento, CA 95821
Sq. Feet 60,548
The Village at Parkview located at 2800 Gentrytown Drive is just two blocks from the Somersville Town Center which is home to major national tenants such as Starbucks, In N' Out Burger, Macy's, Sears, Chase Bank, O-Reilly Autoparts, Bank of America, Wells Fargo, Autozone, Chevron and McDonald's amongst many others. The property offers an Investor the unique opportunity to acquire a rare, 85-unit apartment community in the historic mining town of Antioch, California.
The property is just blocks from the rapidly expanding California Delta Highway (Hwy 4), which is slated to have BART access in the near future. Antioch is one of California’s oldest towns. It was originally established in 1850 as a coal mining town at the peak of the California Gold Rush. Today, the city continues to flourish. Antioch is conveniently located within close proximity to the San Francisco Bay, Sacramento and Napa Valley. It sits along the San Joaquin River and is home to many wildlife parks and trails. Top Local employers of Antioch include Kaiser Permanente, Sutter Delta Medical Center and the Antioch Unified School District As employment and population growth continue to outpace new housing construction in the Bay Area, residents are dispersing outside saturating markets to find more affordable housing solutions.
The city of Antioch has experienced consistent population growth in recent years, up approximately 5% since 2010. The area’s high growth potential coupled with relative low property values compared to the surrounding Bay Area markets, create an attractive opportunity for an investor to acquire a true Pride-of-Ownership investment property.
Cap Rate: 5.22% NOI: $656,376 Livable Sq. Ft: 67,400
Built in 1980 85 units Lot Sq. Ft: 4.08 Acres