Stockton Triplex with Development
2915 Pixie Drive, Stockton, CA 95203
For Sale
$520,000
Triplex with garages, in-unit laundry, and adjacent vacant lot.
Property Size2,450 SF
Price / SF$212.24
Days on Market572
Property Features for 2915 Pixie Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Intero Real Estate Services
(408) 979-5900
Listed By:
Omar Paz · License CA #01458162
(408) 677-1010
Source:
Exitrealty
Added: Apr 18, 2025
Changed: Oct 25
Last Checked: Oct 30 at 12:40PM
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 Intero Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex features three units, each containing two bedrooms. All units are currently rented on a month-to-month basis. The current rents are $960, $900, and $900, which are below market value due to long-term tenants. Each unit includes a one-car garage space and its own washer and dryer. The property includes a vacant lot adjacent to the triplex on the left side, offering potential for extra storage, RV parking, or additional construction, subject to city approval. The property has a bike score of 48, indicating it is somewhat bikeable, a walk score of 0, indicating car-dependent, and a transit score of 21, indicating minimal transit options.
Key Highlights
- Triplex with positive cash flow.
- Each unit includes a 1‑car garage and in‑unit washer/dryer.
- Vacant lot adjacent to the triplex offers development potential (subject to city approval).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,299
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,980
$686.0K
Cap Rate 7%
$489,986
$490.0K
Cap Rate 9%
$381,100
$381.1K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$52.9K $21.60/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$49.0K $20.00/SF
− OpEx
−$14.7K −$6.00/SF
NOI
$34.3K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,980
Cap Rate 7%
$489,986
Cap Rate 9%
$381,100
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.7K – $571.7K
NOI $34,299 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$426.0K
$372.7K – $497.0K
NOI $29,817 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$662.5K
$579.7K – $773.0K
NOI $46,378 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
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Business Placement
Demographics for 95203, CA
18,064
Population
5,858
Households
3.1
Avg Household Size
34
Median Age
17%
College-Educated
69%
High-School Grad
6.2 sq mi
ZIP Area
2,914
Density / Sq Mi
$64,710
Median Household Income
$32,927
Median Earnings
$1,248
Median Rent
$349,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Stockton, CA
Properties on Market for Triplexes in Stockton
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with garages, in-unit laundry, and adjacent vacant lot.
Where is this triplex located?
The property is located at 2915 Pixie Drive Stockton, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Triplex with positive cash flow.; Each unit includes a 1‑car garage and in‑unit washer/dryer.; Vacant lot adjacent to the triplex offers development potential (subject to city approval).
