Three-Unit Apartment
For Sale
$490,000
702 San Miguel Avenue, Stockton, CA 95210
Multifamily property with consistent two-bedroom layouts, one bathroom per unit, and on-site vehicle parking.
Property Size2,298 SF
Price / SF$213.23
Days on Market17
Property Features for 702 San Miguel Avenue
General Information
Standard status
Active
Size
2,298 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1964
Listing Agency:
Colliers International
(415) 275-0229
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Aug 16
Changed: Aug 31
Last Checked: Aug 31 at 3:10PM
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 International
Investment Insights
Based on property information with market context.
This 2,298-square-foot triplex contains three residential units, each configured with two bedrooms and one bathroom. The property includes parking for three vehicles and was constructed in 1964, providing an established multifamily asset for a buyer seeking rental income.
Located at 702 San Miguel Avenue in Stockton, California, the property offers a compact three-unit configuration with a uniform unit mix. Its existing layout supports straightforward evaluation of the building as a residential income property.
Located at 702 San Miguel Avenue in Stockton, California, the property offers a compact three-unit configuration with a uniform unit mix. Its existing layout supports straightforward evaluation of the building as a residential income property.
Key Highlights
- Three‑unit multifamily property at 702 San Miguel Avenue, Stockton, CA 95210
- Each unit includes 2 bedrooms and 1 bathroom
- 2,298 SF property built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,211
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$684,220
$684.2K
Cap Rate 7%
$488,729
$488.7K
Cap Rate 9%
$380,122
$380.1K
Market Conditions
NOI Build-Up for 2,298 SF
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.
Gross rent
$51.0K $22.20/SF
− Vacancy
−$2.1K −$0.93/SF
EGI
$48.9K $21.27/SF
− OpEx
−$14.7K −$6.38/SF
NOI
$34.2K $14.89/SF
Area
ZIP 95210
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$684,220
Cap Rate 7%
$488,729
Cap Rate 9%
$380,122
Alternative Uses
Best Use
Multifamily LT 5
$488.7K
$427.6K – $570.2K
NOI $34,211 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$451.4K
$394.9K – $526.6K
NOI $31,595 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$504.6K
$441.6K – $588.8K
NOI $35,325 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 95210, CA
41,378
Population
12,623
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
74%
High-School Grad
7.6 sq mi
ZIP Area
5,444
Density / Sq Mi
$65,411
Median Household Income
$35,658
Median Earnings
$1,450
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with consistent two-bedroom layouts, one bathroom per unit, and on-site vehicle parking.
Where is this triplex located?
The property is located at 702 San Miguel Avenue Stockton, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three‑unit multifamily property at 702 San Miguel Avenue, Stockton, CA 95210; Each unit includes 2 bedrooms and 1 bathroom; 2,298 SF property built in 1964
