| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 51st | Poor |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2800 Gentrytown Dr, Antioch, CA, 94509, US |
| Region / Metro | Antioch |
| Year of Construction | 1980 |
| Units | 85 |
| Transaction Date | 2015-02-06 |
| Transaction Price | $12,400,000 |
| Buyer | LT Loma Verde Inc/Lam Loanie |
| Seller | Gupta M&M Family Trust |
2800 Gentrytown Dr, Antioch Multifamily Investment
Neighborhood occupancy remains resilient with steady renter demand, according to WDSuite’s CRE market data. For investors, that stability supports consistent leasing in an inner-suburban Contra Costa location.
Positioned in Antioch’s inner-suburban fabric of the Oakland–Berkeley–Livermore metro, the property benefits from daily-needs convenience. Neighborhood amenities trend strong versus national peers: grocery and restaurant density score in high national percentiles, while cafes and parks are competitive. A lack of nearby pharmacies is a noted gap, but overall amenity access supports resident retention and day-to-day livability.
Renter demand signals are constructive. Neighborhood occupancy sits in a high national percentile and is above the metro median among 469 neighborhoods, pointing to durable lease-up and lower turnover risk. Median contract rents run above national norms, yet the neighborhood’s rent-to-income ratio near 0.22 can moderate affordability pressure and aid lease stability for professionally managed assets.
Tenure patterns indicate a sizable renter base: roughly half of housing units are renter-occupied, reinforcing depth for multifamily absorption and renewals. Median household incomes are solid relative to national benchmarks, and average NOI per unit aligns with mid-tier performance nationally, suggesting scope for operational upside through focused asset management.
The asset’s 1980 vintage is slightly older than the neighborhood’s early‑1980s average, implying typical capital planning around interiors, systems, and curb appeal. Within a 3‑mile radius, population and household counts have grown and are projected to continue expanding alongside smaller average household sizes, supporting a broader tenant base for one‑ and two‑bedroom layouts consistent with the property’s average unit size of 792 square feet.
Safety trends warrant a measured view. The neighborhood tracks below national safety percentiles and skews toward the higher‑crime end relative to the Oakland–Berkeley–Livermore metro’s 469 neighborhoods. Recent readings show property and violent offenses moving up, so investors should underwrite security, lighting, and access control within operating plans.
Monitoring changes against metro peers over time can help calibrate expectations and appropriate reserves without overreacting to short‑term variability.
Proximity to regional employers in energy, retail, consumer products, industrial, and apparel headquarters underpins a diversified employment base that supports renter demand and retention.
- Chevron — energy (17.7 miles) — HQ
- Ross Stores — retail (19.9 miles) — HQ
- The Clorox Company — consumer products (21.2 miles)
- Caterpillar — industrial (29.6 miles)
- Gap — apparel retail (33.3 miles) — HQ
This 85‑unit, 1980‑vintage community offers a blend of stabilized neighborhood fundamentals and value‑add potential. Neighborhood occupancy is in a high national percentile and above the metro median, indicating supportive leasing conditions. Elevated home values in the metro context reinforce reliance on rental housing, while a rent‑to‑income profile near 0.22 supports retention and measured pricing power. Within a 3‑mile radius, population and household growth, together with smaller household sizes, point to a larger tenant base and steady demand for mid‑sized units.
Operationally, the vintage suggests clear pathways for interior upgrades and building‑system improvements to enhance competitiveness versus newer stock. According to commercial real estate analysis from WDSuite, neighborhood rents exceed national norms, which, alongside resilient occupancy, provides a foundation for thoughtful renovation‑driven NOI gains, balanced with prudent reserves and security planning.
- High neighborhood occupancy and steady renter demand support income stability
- Elevated ownership costs sustain reliance on rental housing, aiding retention
- 1980 vintage creates value‑add and modernization avenues to drive NOI
- Risk: safety metrics trail national norms—underwrite security and operating controls