Turnkey 5-Unit Apartment
1883 Flora Street Stockton, CA 95203
1883 Flora Street, Stockton, CA, 95203
$900,000
For Sale
$900,000
Turnkey two-building multifamily with five 2BR/1BA units, central A/C, and tenant-paid utilities.
Property Size4,760 SF
Price / SF$189.08
Days on Market64
Property Features for 1883 Flora Street
General Information
- Standard status
- Active
- Size
- 4,760 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing agency
Realty World Dominion
(408) 980-5202
Listed by
David Flores · License #01713023
Source
Xome
Added: May 20 Updated: Jul 22 at 4:18AM Checked: Jul 22 at 4:18AM
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 Realty World Dominion
Investment Insights
Based on property information with market context.
This turnkey 5-unit apartment property consists of two buildings and offers a unit mix of 2BR/1BA apartments. The configuration includes three ground-level floors and two upstairs units, with all units equipped with central air conditioning.
Tenants pay for their own water, sewer, trash, electricity, and gas. Four of the five units have updated kitchen cabinets and countertops. The property also features a durable tile roof.
According to the provided remarks, leases are one year in term, with some expiring this year, allowing for prompt rent adjustments after ownership transfer. The offering is described as a cash-flowing investment at purchase, with current annual rental income stated as $85,200.
Tenants pay for their own water, sewer, trash, electricity, and gas. Four of the five units have updated kitchen cabinets and countertops. The property also features a durable tile roof.
According to the provided remarks, leases are one year in term, with some expiring this year, allowing for prompt rent adjustments after ownership transfer. The offering is described as a cash-flowing investment at purchase, with current annual rental income stated as $85,200.
Key Highlights
- Two‑building, 5‑unit multifamily with all units in a 2BR/1BA layout
- Approx. 952 SF per unit; leases are one‑year terms with some expiring this year
- Central air in all units; tenant‑paid water, sewer, trash, electricity, and gas
Local Financial Insights For Apartment 5plus
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 | $114.2k | $24.00 |
| − Vacancy | −$8.9k | −$1.87 |
| EGI | $105.3k | $22.13 |
| − OpEx | −$47.4k | −$9.96 |
| NOI | $57.9k | $12.17 |
4,760 SF · lease $24.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,105 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey two-building multifamily with five 2BR/1BA units, central A/C, and tenant-paid utilities.
Where is this apartment building located?
The property is located at 1883 Flora Street Stockton, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑building, 5‑unit multifamily with all units in a 2BR/1BA layout; Approx. 952 SF per unit; leases are one‑year terms with some expiring this year; Central air in all units; tenant‑paid water, sewer, trash, electricity, and gas
