25-Unit Apartment
For Sale
$2,495,000
322 W Park St, Stockton, CA 95203
Fifteen units have been remodeled across a varied mix of studio, one-bedroom, and two-bedroom residences.
Property Size7,842 SF
Price / SF$318.16
Days on Market187
Property Features for 322 W Park St
General Information
Standard status
Active
Size
7,842 SF
Property subtype
Multi-Family
Units
Unit Mix
23 x 500 SF Studio, 1 x 650 SF 1BR/1BA, 1 x 850 SF 2BR/1BA
Multifamily Units
25
Additional Details
Public Transit
Yes
Building Details
Year Built
1971
Listing Agency:
Colliers Parrish Intenational Inc.
Listed By:
Andrew T. Hodgson · License #01796017
(209) 475-5100
Source:
Homesofgreatersacramento
Added: Apr 13
Changed: Oct 1
Last Checked: Oct 16 at 9:13AM
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 Colliers Parrish Intenational Inc.
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Investment Insights
Based on property information with market context.
The Park Villa Apartments comprise 25 units at 322 W. Park Street in Stockton’s Downtown neighborhood. The unit mix includes 23 studio apartments measuring 500 SF, one 650 SF one-bedroom/one-bath residence, and one 850 SF two-bedroom/one-bath residence. Fifteen units have been remodeled. Interior systems include wall furnaces and wall unit(s), while the property has connected cable, sewer, electric, and natural gas service.
Built in 1971, the community is positioned near Downtown Stockton dining, shopping, entertainment, employers, and public transportation. The waterfront, local retail centers, and educational institutions—including the University of the Pacific—are also described as nearby.
Built in 1971, the community is positioned near Downtown Stockton dining, shopping, entertainment, employers, and public transportation. The waterfront, local retail centers, and educational institutions—including the University of the Pacific—are also described as nearby.
Key Highlights
- 25‑unit apartment community at 322 W. Park Street in Stockton’s Downtown neighborhood
- Unit mix includes 23 500 SF studios, one 650 SF 1‑bedroom/1‑bath unit, and one 850 SF 2‑bedroom/1‑bath unit
- 15 of 25 units have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,440
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,908,800
$1.9M
Cap Rate 7%
$1,363,429
$1.4M
Cap Rate 9%
$1,060,444
$1.1M
Market Conditions
NOI Build-Up for 7,842 SF
Gross rent
$188.2K $24.00/SF
− Vacancy
−$14.7K −$1.87/SF
EGI
$173.5K $22.13/SF
− OpEx
−$78.1K −$9.96/SF
NOI
$95.4K $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 Rate 5%
$1,908,800
Cap Rate 7%
$1,363,429
Cap Rate 9%
$1,060,444
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,440 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,446 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
2,402
Businesses Nearby
Explore this area
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fifteen units have been remodeled across a varied mix of studio, one-bedroom, and two-bedroom residences.
Where is this apartment building located?
The property is located at 322 W Park St Stockton, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 25‑unit apartment community at 322 W. Park Street in Stockton’s Downtown neighborhood; Unit mix includes 23 500 SF studios, one 650 SF 1‑bedroom/1‑bath unit, and one 850 SF 2‑bedroom/1‑bath unit; 15 of 25 units have been remodeled
