Triplex with Three-Bedroom
For Sale
$599,000
9253 West Ln, Stockton, CA 95210
Three occupied residences are leased month to month, with a mix of two- and three-bedroom layouts.
Property Size3,122 SF
Price / SF$191.86
Days on Market28
Property Features for 9253 West Ln
General Information
Standard status
Active
Size
3,122 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
Tri-Star Realty
Listed By:
Carl O. Wuestehube · License #00634943
(714) 791-6026
Source:
Homesofgreatersacramento
Added: Sep 7
Changed: Oct 1
Last Checked: Oct 2 at 9:10PM
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 Tri-Star Realty
Investment Insights
Based on property information with market context.
This 1984 triplex contains 3,122 square feet across three residences. The unit mix includes one three-bedroom, two-bathroom unit and two two-bedroom, one-bathroom units. All three units are occupied under month-to-month tenancies.
The property is at 9253 West Ln in Stockton, within ZIP code 95210. The location has access to major thoroughfares, shopping, dining, and local amenities.
The property is at 9253 West Ln in Stockton, within ZIP code 95210. The location has access to major thoroughfares, shopping, dining, and local amenities.
Key Highlights
- 3,122‑square‑foot triplex built in 1984
- One 3‑bedroom, 2‑bathroom unit and two 2‑bedroom, 1‑bathroom units
- All three units occupied by month‑to‑month tenants
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
$46,478
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
7.76%
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%
$929,560
$929.6K
Cap Rate 7%
$663,971
$664.0K
Cap Rate 9%
$516,422
$516.4K
Market Conditions
NOI Build-Up for 3,122 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
$69.3K $22.20/SF
− Vacancy
−$2.9K −$0.93/SF
EGI
$66.4K $21.27/SF
− OpEx
−$19.9K −$6.38/SF
NOI
$46.5K $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%
$929,560
Cap Rate 7%
$663,971
Cap Rate 9%
$516,422
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.6K
NOI $46,478 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$613.2K
$536.6K – $715.4K
NOI $42,925 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$685.6K
$599.9K – $799.9K
NOI $47,991 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
101
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences are leased month to month, with a mix of two- and three-bedroom layouts.
Where is this triplex located?
The property is located at 9253 West Ln Stockton, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,122‑square‑foot triplex built in 1984; One 3‑bedroom, 2‑bathroom unit and two 2‑bedroom, 1‑bathroom units; All three units occupied by month‑to‑month tenants
