$2,750,000 701 Wilbur Ave Antioch, CA

MLS: 40844180   Type: Land   County: Contra Costa   City: Antioch   Zip: 94509   Style: Multi-Family  

Mortgage $12,911 /mo



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East San Francisco Bay Area city infill development opportunity. 1 mile from Antioch Bart station and recently expanded highway 4. The property features 2.78 acres of high density residential land zoned R-25. +/- 55 units "By Right" approval (Planning approval only). Higher density available with council approval. Property has existing rentals on the front one acre generating income while you build out the remaining land. Current income 6.5% cap 14 GRM. Existing space perfect for a contractor yard, manufacturing shop/office with 3 phase power, and/or secured storage. Property near the Delta with fantastic views of Mount Diablo. Investor opportunities considered. Income includes owner occupied units at market rent. Attn. Affordable Housing Developers - Entitlements in place for 126 units with the purchase of the adjoining lot (not currently listed).

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Price History

10/27/2018 Listed $2,950,000
12/6/2018 4% - $2,850,000
2/20/2019 4% - $2,750,000

Development Status Other - Call List Agent
Listing Area Antioch
Listing Status Active
Status Active
Use Zoning Multi-Family
Utility On Site Cable TV, Electricity, Gas, Sewer, Telephone, Water
Zoning R-25

Exterior Features

Building Pad Yes
Building Type Lots and Land
Dimensions (front) 180'
Lot Description Level
Lot Size Area 2.78
Lot Sq Ft Apx 108900
Mineral Rights No
Road Improvements Gravel
View Mt Diablo
Water/Sewer None

Property Schools

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Property vs Zip Code Avg (94509)

Price 2.75M Avg 781K

Acres 2.78 Avg 6.58

Visits 28 Avg 13

Days on Site 178 Avg 214

Walkscore® 22 Avg 41

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Jacob Kipp with Statement Properties, LLC.

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Location & Address

Steve Curtis
1320 Mt Diablo Blvd, #206
Walnut Creek, CA