1029 El Dorado St Stockton, CA 95202

Property Details for 1029 El Dorado St

Year built

1960

Lot size

0.51 lot acres

Property size

15,375 SF

Zone code

C2

Property type

Office buildings

APN

139-040-020-000

APU

139040020000

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant office complex ideally situated on a high-traffic corridor in Stockton, California. The 15,375-square-foot building, located at 1029 N El Dorado St, 95202, boasts a newly remodeled interior featuring modern flooring and fresh paint throughout. Comprising 21 individual office suites ranging in size from 100 to 1,870 square feet, the property also includes shared amenities such as a common breakroom and a conference room. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $106,563, representing a compelling 6.67% capitalization rate on the asking price of $1,595,000. The property sits on a spacious 22,000-square-foot lot zoned for general commercial use. Many suites are currently leased below market rates, presenting significant upside potential for rental income growth. The strategic location on a high-traffic corridor, boasting an average daily traffic count exceeding 17,000 vehicles, ensures high visibility and accessibility. Secure gated parking is provided for tenants and visitors. This turnkey investment offers a rare combination of immediate income generation and substantial long-term growth potential in a desirable Stockton location. The ideal suite sizes ensure quick lease-up and steady income.

Location Insight

City

Stockton

County

San Joaquin

State

California

Longitude

-121.293

Latitude

37.9633

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments