1117 San Joaquin StStockton, CA 95206

Property Details for 1117 San Joaquin St

Year built

1917

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

3,304 SF

Zone code

RHD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

147-202-080-000

APU

147202080000

Description

This exceptional 5-unit apartment building presents a compelling investment opportunity in Stockton, CA. Located at 1117 S San Joaquin St, this property boasts a desirable downtown location near Stockton's entertainment district and The Miracle Mile, ensuring strong tenant demand. The building, constructed in 1917 and renovated in 1950, comprises 3,150 square feet and features four one-bedroom/one-bathroom units (approximately 600 sq ft each) and one larger two-bedroom/one-bathroom unit (approximately 750 sq ft). On-site amenities include parking, storage, and laundry facilities. The property sits on a large lot, offering potential for future expansion, such as an accessory dwelling unit (ADU). With a 7.35% cap rate and an asking price of $505,000, this multifamily investment offers significant value, especially considering its below-market pricing and potential for increased income through lease adjustments and additional revenue streams. The property's central location provides easy access to major highways (I-5, Hwy 99, Hwy 4), enhancing its appeal to tenants. Recent improvements have been made to all units. This is a rare chance to acquire a well-situated, cash-flowing asset in a rapidly appreciating market. The APN is 147-202-08. The property is a two-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $689,225

  6.5%

  $636,208

  7%

  $590,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $731,205

  Geo Method

  $731,205

• Alternative Use

  Use

  Valuation

  Residential

  $636,208

  Hospitality

  $582,763

  Educational

  $484,852

  Medical

  $501,527

  Retail

  $754,214

Location Insight

City

Stockton

County

San Joaquin

State

California

Latitude

37.9418

Longitude

-121.284

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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