1117 S San Joaquin St - Apartments FOR SALE


Stockton, CA 95206
$505,000 USD
209-401-9085
1117 S San Joaquin St, Stockton, CA for Sale
$505,000 USD
Apartments - FOR SALE
1/4
null | 7.35% Cap Rate

1117 S San Joaquin St
Stockton, CA 95206


HIGHLIGHTS

  • Priced far below area comps. 7.35% cap rate on current cash flow.
  • Excellent value add apartment offering located in highly active submarket of Stockton, CA.
  • Recent improvements made to all units.
  • Large lot provides owner with additional ADU possibility.
  • Clear path towards high return with loss to lease recovery and additional income streams.
  • Central Downtown Stockton location provides residents with easy access to Interstate 5, Highway 99, and Highway 4 along with daily needs shopping.

OVERVIEW

The Central Valley Investment Team is pleased to present The San Joaquin Apartments, a five (5) unit apartment complex located at 1117 S. San Joaquin Street in Stockton, CA. The San Joaquin Apartments are a unique opportunity for an investor to acquire an asset located in the Downtown Stockton Submarket, with strong historical occupancy, solid cash flow characteristics, and a desirable location near Stockton’s downtown entertainment district, The Miracle Mile. The San Joaquin Apartments feature four (4) one-bedroom/one-bathroom units, approximately ±600 square feet in size, and one (1) two-bedroom/one bathroom free standing unit, which is ±750 square feet in size. Building amenities onsite parking and storage, laundry, and a concrete driveway. The San Joaquin Apartments offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.

FOR SALE DETAILS

PRICE

$505,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

5

PRICE/UNIT

$101,000

CAP RATE

7.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RH

APN/PARCEL ID

147-202-08

ASK ABOUT THIS PROPERTY

Andy HodgsonColliersMore Info
209-401-9085

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Andy HodgsonColliersMore Info
209-401-9085

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