Fourplex with Updated Downstairs
1617 N El Dorado Street Stockton, CA 95204
For Sale
$729,999
Fully occupied four-plex with two renovated downstairs units and two long-term upstairs tenants generating monthly rental income.
Property Size4,616 SF
Price / SF$158.15
Days on Market144
Property Features for 1617 N El Dorado Street
General Information
Standard status
Active
Size
4,616 SF
Property subtype
Multi Family
Building Details
Year Built
1924
Listing Agency:
RE/MAX Gold Lodi
(209) 639-5959
Listed By:
Judy Vo · License #01399400
(209) 639-5959
Source:
Exitrealty
Added: Mar 9
Changed: Jul 21
Last Checked: Jul 29 at 8:08AM
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 RE/MAX Gold Lodi
Investment Insights
Based on property information with market context.
This fully occupied four-plex offers four functional residential units within a building that blends classic 1920s character with modern updates. The two upstairs units are occupied by long-term tenants and feature separate living and family rooms, spacious kitchens, and preserved architectural charm. The two downstairs units have been tastefully updated with modern finishes, including refreshed flooring, lighting, and other improvements while maintaining the property’s original character. Unit 1617 is a renovated two-bedroom unit with a modernized kitchen and bathroom, contemporary lighting, and updated finishes throughout. Unit 1623 offers a two-bedroom layout with newer flooring, countertops, appliances, updated lighting and ceiling fans, and a fireplace in the bedroom. Both downstairs units benefit from access to a covered front porch.
The property is located near Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). The surrounding area includes a variety of local restaurants, boutique shopping, coffee houses, breweries, and other neighborhood amenities.
Rental income is approximately $5,432 per month, or about $65,184 annually, based on current occupancy.
The property is located near Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). The surrounding area includes a variety of local restaurants, boutique shopping, coffee houses, breweries, and other neighborhood amenities.
Rental income is approximately $5,432 per month, or about $65,184 annually, based on current occupancy.
Key Highlights
- 1924‑built, fully occupied 4‑plex generating about $5,432/month and $65,184/year in rental income
- Two downstairs units feature modern updates and access to a covered front porch
- Unit 1617: renovated 2‑bedroom with modernized kitchen and bathroom, updated flooring, contemporary lighting, and refreshed finishes
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.7k | $21.60 |
| − Vacancy | −$7.4k | −$1.60 |
| EGI | $92.3k | $20.00 |
| − OpEx | −$27.7k | −$6.00 |
| NOI | $64.6k | $14.00 |
4,616 SF · lease $21.60/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$923.2K
$807.8K – $1.08M
NOI $64,622 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$802.6K
$702.2K – $936.3K
NOI $56,179 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,379 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-plex with two renovated downstairs units and two long-term upstairs tenants generating monthly rental income.
Where is this quadplex located?
The property is located at 1617 N El Dorado Street Stockton, CA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: 1924‑built, fully occupied 4‑plex generating about $5,432/month and $65,184/year in rental income; Two downstairs units feature modern updates and access to a covered front porch; Unit 1617: renovated 2‑bedroom with modernized kitchen and bathroom, updated flooring, contemporary lighting, and refreshed finishes
