Residential Income Property with
For Sale
$729,999
1617 N El Dorado Street, Stockton, CA 95204
R-zoned residential income property with storage, a fireplace, balcony, and off-street parking.
Property Size4,616 SF
Price / SF$158.15
Days on Market46
Property Features for 1617 N El Dorado Street
General Information
Standard status
Active
Size
4,616 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R
Lease Term
Month To Month
Amenities
Sidewalks
Ceiling Fan(s), None
Fireplace(s), Floor Furnace
Partial, Storage Space
Storage
Other
Off Street, Open, Side By Side, Detached, Guest
Balcony
A-Frame, Victorian
Building Details
Year Built
1924
Buildings
1
Stories
2
Listing Agency:
RE/MAX Gold Lodi
(209) 639-5959
Listed By:
Judy Vo · License #01399400
(209) 639-5959
Source:
Evrealestate
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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 residential income property in Stockton dates to 1924 and includes a balcony, storage space, ceiling fans, a fireplace, and a floor furnace. The exterior features A-frame and Victorian design elements, while parking is identified as off-street with open, side-by-side, detached, and guest designations.
The property is located at 1617 N El Dorado Street in Stockton, San Joaquin County. R zoning and the existing residential income classification provide the primary framework for evaluating the asset.
The property is located at 1617 N El Dorado Street in Stockton, San Joaquin County. R zoning and the existing residential income classification provide the primary framework for evaluating the asset.
Key Highlights
- Residential income property at 1617 N El Dorado Street, Stockton, CA 95204
- Built in 1924
- R zoning
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
$56,179
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
7.70%
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%
$1,123,580
$1.1M
Cap Rate 7%
$802,557
$802.6K
Cap Rate 9%
$624,211
$624.2K
Market Conditions
NOI Build-Up for 4,616 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
$110.8K $24.00/SF
− Vacancy
−$8.6K −$1.87/SF
EGI
$102.1K $22.13/SF
− OpEx
−$46.0K −$9.96/SF
NOI
$56.2K $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%
$1,123,580
Cap Rate 7%
$802,557
Cap Rate 9%
$624,211
Alternative Uses
Best Use
Apartment 5plus
$802.6K
$702.2K – $936.3K
NOI $56,179 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 95204, CA
30,719
Population
12,354
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
5,796
Density / Sq Mi
$71,792
Median Household Income
$42,361
Median Earnings
$1,381
Median Rent
$358,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - R-zoned residential income property with storage, a fireplace, balcony, and off-street parking.
Where is this residential income property 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: Residential income property at 1617 N El Dorado Street, Stockton, CA 95204; Built in 1924; R zoning
