Downtown Lodi Multifamily
220 E Elm Street Lodi, CA 95240
220 E Elm Street, Lodi, CA, 95240
$875,000
Pending
For Sale
$875,000
Pending
Five-unit residential income property with four 2-bedroom units and one 1-bedroom unit plus on-site coin laundry.
Property Size3,894 SF
Days on Market130
Property Features for 220 E Elm Street
General Information
- Standard status
- Pending
- Size
- 3,894 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1969
Listing agency
Michael A. De Ruosi III
(209) 499-9979
Listed by
Cameron M DeRuosi · License #02165484
(209) 499-9979
Source
Exitrealty
Added: Mar 16 Updated: Jul 22 at 9:03PM Checked: Jul 23 at 3:53AM
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 Michael A. De Ruosi III
Investment Insights
Based on property information with market context.
This five-unit residential income property includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The four 2-bedroom units are described as spacious with large, condo-style layouts, and the property also features coin-operated laundry facilities on-site.
The building is positioned in the heart of Downtown Lodi, described as just one block from Main Street, within a walkable area near shops, restaurants, wine bars, nightlife, and entertainment. The offering is presented as clean and well-maintained with long-term tenants and currently 100% occupancy.
Rent and operating information, including the rent roll and expense sheets, is available upon request or attached to the MLS listing. The current operation is described with a cap rate of approximately 7.6% and a pro forma cap rate of approximately 9.2%, with rents noted as below market.
The building is positioned in the heart of Downtown Lodi, described as just one block from Main Street, within a walkable area near shops, restaurants, wine bars, nightlife, and entertainment. The offering is presented as clean and well-maintained with long-term tenants and currently 100% occupancy.
Rent and operating information, including the rent roll and expense sheets, is available upon request or attached to the MLS listing. The current operation is described with a cap rate of approximately 7.6% and a pro forma cap rate of approximately 9.2%, with rents noted as below market.
Key Highlights
- Five‑unit residential property built in 1969: four 2BD/1BA units plus one 1BD/1BA unit
- Approximately 1,100 SF per 2‑bedroom unit with condo‑style layouts
- On‑site coin‑operated laundry facility
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 | $90.7k | $23.28 |
| − Vacancy | −$3.6k | −$0.93 |
| EGI | $87.0k | $22.35 |
| − OpEx | −$39.2k | −$10.06 |
| NOI | $47.9k | $12.29 |
3,894 SF · lease $23.28/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$683.8K
$598.3K – $797.7K
NOI $47,864 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.1K
$748.2K – $997.7K
NOI $59,859 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Marketing & Advertising
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FAQs
What type of property is this?
Apartment building - Five-unit residential income property with four 2-bedroom units and one 1-bedroom unit plus on-site coin laundry.
Where is this apartment building located?
The property is located at 220 E Elm Street Lodi, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Five‑unit residential property built in 1969: four 2BD/1BA units plus one 1BD/1BA unit; Approximately 1,100 SF per 2‑bedroom unit with condo‑style layouts; On‑site coin‑operated laundry facility
