6-Unit Townhouse-Style Apartment
For Sale
$950,000
427 E Locust, Lodi, CA 95240
Fully occupied multifamily property with two-level layouts, private patios, and covered alley parking.
Property Size5,432 SF
Price / SF$174.89
Days on Market219
Property Features for 427 E Locust
General Information
Standard status
Active
Size
5,432 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
6
Amenities
patio
covered parking
Building Details
Year Built
1970
Stories
2
Construction
townhouse
Tenancy
Multi
Listing Agency:
Guild Real Estate
Listed By:
Connie E. Navarra · License #01233095
(209) 747-0396
Source:
Thecentralvalleyhomesearch
Added: Mar 12
Changed: Oct 13
Last Checked: Oct 16 at 9:32AM
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 Guild Real Estate
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Investment Insights
Based on property information with market context.
This 6-unit apartment complex is fully occupied and features townhouse-style residences with practical two-level layouts. Each unit includes a living room, kitchen, and half bath on the first floor, along with two bedrooms and a full bath upstairs. Private patio areas extend each residence, while covered parking is provided in the alley.
Constructed in 1970, the property includes several long-term tenants and offers an established multifamily configuration in Lodi, California.
Constructed in 1970, the property includes several long-term tenants and offers an established multifamily configuration in Lodi, California.
Key Highlights
- 6‑unit apartment complex with full occupancy
- Townhouse‑style units with two‑level layouts
- Each unit includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,769
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,380
$1.3M
Cap Rate 7%
$953,843
$953.8K
Cap Rate 9%
$741,878
$741.9K
Market Conditions
NOI Build-Up for 5,432 SF
Gross rent
$126.5K $23.28/SF
− Vacancy
−$5.1K −$0.93/SF
EGI
$121.4K $22.35/SF
− OpEx
−$54.6K −$10.06/SF
NOI
$66.8K $12.29/SF
Area
San Joaquin County, CA
Vacancy
4.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,380
Cap Rate 7%
$953,843
Cap Rate 9%
$741,878
Alternative Uses
Best Use
Apartment 5plus
$953.8K
$834.6K – $1.11M
NOI $66,769 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 95240, CA
49,102
Population
17,304
Households
2.8
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
68.2 sq mi
ZIP Area
720
Density / Sq Mi
$76,870
Median Household Income
$38,359
Median Earnings
$1,439
Median Rent
$443,700
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 - Fully occupied multifamily property with two-level layouts, private patios, and covered alley parking.
Where is this apartment building located?
The property is located at 427 E Locust Lodi, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6‑unit apartment complex with full occupancy; Townhouse‑style units with two‑level layouts; Each unit includes 2 bedrooms and 1 full bath
