6-Unit Remodeled Apartment
For Sale
$800,000
145 W Flora St, Stockton, CA 95202
Remodeled multifamily asset with a six-unit configuration and varied floor plans.
Property Size3,648 SF
Price / SF$219.30
Days on Market89
Property Features for 145 W Flora St
General Information
Standard status
Active
Size
3,648 SF
Property subtype
Residential Income
Financials
Cap Rate
7.74%
Gross Income
$98,040
Units
Unit Mix
1 x 2BR, 4 x 1BR, 1 x studio
Multifamily Units
6
Listing Agency:
Beverly & Company Luxury Properties
(818) 679-3756
Listed By:
Sheree Thiel · License #02003064
(818) 679-3756
Source:
Exprealty
Added: Jun 5
Changed: Aug 30
Last Checked: Aug 31 at 6:55PM
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 Beverly & Company Luxury Properties
Investment Insights
Based on property information with market context.
This remodeled apartment property contains six units across 3,648 square feet. The unit mix includes two one-bedroom residences, four one-bedroom residences, and one studio, providing a combination of layouts within the same building.
Located at 145 W Flora St in Stockton, California, the property is offered for sale as a multifamily asset. The reported cap rate is 7.74%, giving the property a defined income-oriented profile.
Located at 145 W Flora St in Stockton, California, the property is offered for sale as a multifamily asset. The reported cap rate is 7.74%, giving the property a defined income-oriented profile.
Key Highlights
- Six‑unit apartment property totaling 3,648 square feet
- Remodeled multifamily building
- Unit mix includes 2 two‑bedroom units, 4 one‑bedroom units, and 1 studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,398
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,960
$888.0K
Cap Rate 7%
$634,257
$634.3K
Cap Rate 9%
$493,311
$493.3K
Market Conditions
NOI Build-Up for 3,648 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.6K $24.00/SF
− Vacancy
−$6.8K −$1.87/SF
EGI
$80.7K $22.13/SF
− OpEx
−$36.3K −$9.96/SF
NOI
$44.4K $12.17/SF
Area
Stockton, CA
Vacancy
7.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,960
Cap Rate 7%
$634,257
Cap Rate 9%
$493,311
Alternative Uses
Best Use
Apartment 5plus
$634.3K
$555.0K – $740.0K
NOI $44,398 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$986.5K
$863.2K – $1.15M
NOI $69,055 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 95202, CA
6,949
Population
3,999
Households
1.7
Avg Household Size
38
Median Age
17%
College-Educated
70%
High-School Grad
1.1 sq mi
ZIP Area
6,317
Density / Sq Mi
$23,954
Median Household Income
$31,879
Median Earnings
$864
Median Rent
$322,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily asset with a six-unit configuration and varied floor plans.
Where is this apartment building located?
The property is located at 145 W Flora St Stockton, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Six‑unit apartment property totaling 3,648 square feet; Remodeled multifamily building; Unit mix includes 2 two‑bedroom units, 4 one‑bedroom units, and 1 studio
