Fourplex Residential Income
3551 De Ovan Avenue Stockton, CA 95204
3551 De Ovan Avenue, Stockton, CA, 95204
$850,000
For Sale
$850,000
Well-maintained four-unit property offers 2-bedroom layouts with central heat and air, in-unit laundry, and private 1-car garages.
Property Size3,556 SF
Price / SF$239.03
Days on Market26
Property Features for 3551 De Ovan Avenue
General Information
- Standard status
- Active
- Size
- 3,556 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing agency
BHGRE Integrity Real Estate
(209) 405-9365
Listed by
Evelyn Serrano · License #01968244
(209) 405-9365
Source
Exitrealty
Added: Jun 26 Updated: Jul 21 at 1:24PM Checked: Jul 21 at 1:24PM
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 BHGRE Integrity Real Estate
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four residential units, each featuring 2 bedrooms and 1 bathroom. Units include central heat and air, in-unit laundry, and a private 1-car garage, with each unit described as approximately 889 square feet. The property is presented as maintained with pride of ownership, and it has been owned by the same family since 1981.
The building is located in an established residential neighborhood and is surrounded by single-family homes. The address is listed as 3551 De Ovan Avenue in Stockton, with convenient access described to I-5 and to nearby University of the Pacific, shopping, dining, schools, and everyday amenities.
The asset’s straightforward four-unit configuration and consistent in-unit amenities support a clear residential income use.
The building is located in an established residential neighborhood and is surrounded by single-family homes. The address is listed as 3551 De Ovan Avenue in Stockton, with convenient access described to I-5 and to nearby University of the Pacific, shopping, dining, schools, and everyday amenities.
The asset’s straightforward four-unit configuration and consistent in-unit amenities support a clear residential income use.
Key Highlights
- Well‑maintained fourplex built in 1981, owned by the same family since 1981
- Four units total, each with 2 bedrooms and 1 bathroom
- Each unit offers approximately 889 SF of living space
Local Financial Insights For Multifamily LT 5
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 | $76.8k | $21.60 |
| − Vacancy | −$5.7k | −$1.60 |
| EGI | $71.1k | $20.00 |
| − OpEx | −$21.3k | −$6.00 |
| NOI | $49.8k | $14.00 |
3,556 SF · lease $21.60/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$711.2K
$622.3K – $829.7K
NOI $49,783 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$618.3K
$541.0K – $721.3K
NOI $43,278 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$961.6K
$841.4K – $1.12M
NOI $67,314 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained four-unit property offers 2-bedroom layouts with central heat and air, in-unit laundry, and private 1-car garages.
Where is this quadplex located?
The property is located at 3551 De Ovan Avenue Stockton, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Well‑maintained fourplex built in 1981, owned by the same family since 1981; Four units total, each with 2 bedrooms and 1 bathroom; Each unit offers approximately 889 SF of living space
