1029 Buena Vista Ave - Apartments FOR SALE


Stockton, CA 95203- Seaport
$1,830,000 USD
209-475-5118
1029 Buena Vista Ave, Stockton, CA for Sale
$1,830,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1029 Buena Vista Ave
Stockton, CA 95203
Seaport


HIGHLIGHTS

  • Opportunity for an investor to purchase a stabilized apartment asset in a competitive market with low vacancy and rising rents
  • Several recent capital expenditures include a new roof coating with a 3-year warranty, exterior paint, and dual-pane windows throughout.
  • Attractive in-place 6%+ cap rate and priced below replacement cost.
  • Additional amenities include on-site laundry, gate access, and secured parking.
  • Available separately or as part of a 3-property, 63-unit portfolio. Please inquire for more details.

OVERVIEW

Located in the heart of Stockton, California, 1029 Buena Vista Ave offers an excellent opportunity for both residential and commercial prospects. This prime property is situated in a well-established area with easy access to major highways, shopping centers, dining options, and local amenities, making it a highly desirable location for residential tenants. The property features a spacious lot with a versatile layout, offering Ten (10) two-bedroom units (approximately 710 sq. ft.) and Ten (10) one-bedroom units (approximately 500 sq. ft.). Ownership has recently made substantial investments in capital improvements, including the installation of a new roof coating (with a 3-year warranty), exterior painting, and the replacement of all windows with energy-efficient dual-pane models. Stockton, a rapidly growing city in California's Central Valley, is known for its vibrant community, diverse culture, and a wide variety of recreational opportunities. Its favorable location and continued development make this property an attractive choice for both tenants and investors. With its strategic position and enhanced features, 1029 Buena Vista Ave stands as a valuable asset in one of California’s most promising and evolving regions.

FOR SALE DETAILS

PRICE

$1,830,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

20

PRICE/UNIT

$91,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buena Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,349 SF

ZONING

-

APN/PARCEL ID

133-411-14

ASK ABOUT THIS PROPERTY

Adam LucatelloColliersMore Info
209-475-5118

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Adam LucatelloColliersMore Info
209-475-5118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.