527 N Pilgrim St - Apartments FOR SALE


Stockton, CA 95205- Downtown Stockton
$3,065,000 USD
209-475-5118
527 N Pilgrim St, Stockton, CA for Sale
$3,065,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

527 N Pilgrim St
Stockton, CA 95205
Downtown Stockton


HIGHLIGHTS

  • Stabilized apartment asset in a competitive market with low vacancy and rising rents.
  • Mostly 2-bedroom units.
  • Recent capital expenditures include a new roof coating with a 3-year warranty, exterior paint, anddual-pane windows throughout.
  • Attractive in-place 6%+ cap rate, priced well below replacement cost.
  • Additional amenities include on-site laundry, gated access, and secured parking.
  • Resurfaced parking lot.

OVERVIEW

Located in the heart of Stockton, California, 527 N. Pilgrim Street 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 Twenty (20) two-bedroom units (approximately 680 sq. ft.) and Seven (7) one-bedroom units approximately 450 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, 527 N. Pilgrim Street stands as a valuable asset in one of California’s most promising and evolving regions.

FOR SALE DETAILS

PRICE

$3,065,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

27

PRICE/UNIT

$113,519

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pilgrim Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,994 SF

ZONING

R-3, Stockton

APN/PARCEL ID

151-080-35

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.