Six-Unit Apartment
3704 Bonnie Lane Stockton, CA 95204
3704 Bonnie Lane, Stockton, CA, 95204
$1,335,900
For Sale
$1,335,900
Six two-bedroom, one-bath units with covered parking and onsite laundry in a 1965-built multifamily property.
Property Size4,450 SF
Price / SF$300.20
Days on Market69
Property Features for 3704 Bonnie Lane
General Information
- Standard status
- Active
- Size
- 4,450 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Royalty Mortgage & Real Estate
(510) 449-5990
Listed by
Mariam Hosseini · License #01703940
(510) 449-5990
Source
Exitrealty
Added: May 14 Updated: Jul 20 at 4:42PM Checked: Jul 21 at 4:44AM
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 Royalty Mortgage & Real Estate
Investment Insights
Based on property information with market context.
Bonnie Apartments is a six-unit apartment building built in 1965, offering six two-bedroom, one-bath units. The property includes onsite laundry and six covered parking spaces. Recent upgrades referenced in the remarks include new flooring in three units, fresh paint in three units, new lighting fixtures, and updated faucets in two units, along with a new commercial water heater, a new exhaust fan in some units, and a roof sealing. A brand-new roof was installed by the previous owner about 1.5 years ago.
The property is located at 3704 Bonnie Lane in Stockton, California, in the Central Stockton submarket, and the remarks note an advantageous location to the University of the Pacific.
The building consists of six individual apartment units and provides covered parking plus shared laundry amenities for residents.
The property is located at 3704 Bonnie Lane in Stockton, California, in the Central Stockton submarket, and the remarks note an advantageous location to the University of the Pacific.
The building consists of six individual apartment units and provides covered parking plus shared laundry amenities for residents.
Key Highlights
- Bonnie Apartments: 6‑unit multifamily built in 1965 at 3704 Bonnie Lane, Stockton, CA
- Six 2‑bedroom, 1‑bath units, approx. 1,150 SF total; each unit features covered parking
- 100% occupancy and no HOA
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 | $106.8k | $24.00 |
| − Vacancy | −$8.3k | −$1.87 |
| EGI | $98.5k | $22.13 |
| − OpEx | −$44.3k | −$9.96 |
| NOI | $54.2k | $12.17 |
4,450 SF · lease $24.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$773.7K
$677.0K – $902.6K
NOI $54,158 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,237 @ 7.0% cap · market cap 6.31%
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 - Six two-bedroom, one-bath units with covered parking and onsite laundry in a 1965-built multifamily property.
Where is this apartment building located?
The property is located at 3704 Bonnie Lane Stockton, CA.
What is the asking price?
The asking price for this property is $1,335,900.
What are key features of this property?
This property features: Bonnie Apartments: 6‑unit multifamily built in 1965 at 3704 Bonnie Lane, Stockton, CA; Six 2‑bedroom, 1‑bath units, approx. 1,150 SF total; each unit features covered parking; 100% occupancy and no HOA
