32 American StStockton, CA 95202

Property Details for 32 American St

Lot size

0.11 AC

Zone code

C3

Property type

Retail properties

Property subtype

Parking lots & garages

APN

149-200-060-000

APU

149200060000

Description

This exceptional investment opportunity presents a 34-unit multifamily property situated on three parcels totaling 0.11 acres at 32 S American Street, Stockton, CA. The main building boasts approximately 15,000 square feet (plus an uncalculated basement potentially adding another 5,000 square feet), encompassing 29 units. A separate building at 34 S American Street adds another 5 units and a basement, totaling approximately 5,101 square feet. The seller reports nearly 100% occupancy, generating an estimated gross monthly income of approximately $23,900, translating to an estimated annual gross income of approximately $286,800. This figure is subject to change. The property's substantial size offers significant potential for further income generation. A potential bottom-floor development of approximately 5,000 square feet for residential or commercial use is possible, subject to necessary approvals from Stockton's municipal authorities. The property enjoys a prime location, close to shopping, public transportation, restaurants, and coffee shops, with convenient freeway access. This presents an unparalleled chance to build financial security and wealth. The total square footage in use is approximately 10,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,236,480

  6.5%

  $1,141,366

  7%

  $1,059,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,799,028

  Geo Method

  $1,799,028

• Alternative Use

  Use

  Valuation

  Residential

  $962,785

  Hospitality

  $881,906

  Educational

  $733,735

  Medical

  $758,969

  Retail

  $1,141,366

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9531

Longitude

-121.283

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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