19-Unit Apartment
New
For Sale
$2,850,000
1305 W El Monte Street, Stockton, CA 95207
The unit mix spans studios, one-bedroom apartments, and a two-bedroom residence, with shared indoor laundry facilities.
Property Size10,392 SF
Price / SF$274.25
Days on Market5
Property Features for 1305 W El Monte Street
General Information
Standard status
Active
Size
10,392 SF
Total Parking Spaces
19
Property subtype
Residential Income
Zoning
Multi/Apt
Site & Location
Neighborhood
Pacific Avenue/Lincoln Village
Units
Unit Mix
12 x studio/1BA, 6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
19
Amenities
common area laundry
iron fencing
security gates
electric gate for carport entry
security cameras
lighting
Building Details
Building Size
10,392 SF
Year Built
1966
Buildings
1
Stories
2
Units
19
Listing Agency:
Diversified Asset and Property Management
6031647
Listed By:
Tamara C Navone · License #02128373
(209) 482-5540
Source:
Busybee
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Diversified Asset and Property Management
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Investment Insights
Based on property information with market context.
This 19-unit apartment property contains 12 studio/one-bath units, six one-bedroom/one-bath units, and one two-bedroom/one-bath unit. Fifteen apartments have been renovated. The building totals 10,392 square feet and was built in 1966; a new roof was completed in 2023. Shared laundry is located indoors in a common area, and the site includes iron fencing, two security gates, a gated carport entrance, security cameras, and lighting.
Restaurants and stores are within walking distance. The property is zoned Multi/Apt and has had the same owner maintaining it for 25 years. Long-term tenants are in place.
Restaurants and stores are within walking distance. The property is zoned Multi/Apt and has had the same owner maintaining it for 25 years. Long-term tenants are in place.
Key Highlights
- 19 apartments: 12 studios, 6 one‑bedroom units, and 1 two‑bedroom unit
- 10,392 square feet; built in 1966
- 15 of 19 units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,648
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,812,960
$2.8M
Cap Rate 7%
$2,009,257
$2.0M
Cap Rate 9%
$1,562,756
$1.6M
Market Conditions
NOI Build-Up for 10,392 SF
Gross rent
$270.6K $26.04/SF
− Vacancy
−$14.9K −$1.43/SF
EGI
$255.7K $24.61/SF
− OpEx
−$115.1K −$11.07/SF
NOI
$140.6K $13.53/SF
Area
ZIP 95207
Vacancy
5.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,812,960
Cap Rate 7%
$2,009,257
Cap Rate 9%
$1,562,756
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,648 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,427 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 95207, CA
52,465
Population
20,300
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
7,287
Density / Sq Mi
$68,767
Median Household Income
$38,463
Median Earnings
$1,549
Median Rent
$409,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix spans studios, one-bedroom apartments, and a two-bedroom residence, with shared indoor laundry facilities.
Where is this apartment building located?
The property is located at 1305 W El Monte Street Stockton, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 19 apartments: 12 studios, 6 one‑bedroom units, and 1 two‑bedroom unit; 10,392 square feet; built in 1966; 15 of 19 units have been renovated
