1117 San Joaquin St Stockton, CA 95206-1442
- Apartment buildings
- 3,304 SF
- 0.17 lot acres
Feb 05, 2025
Current Use by Public Records
- Apartment buildings
Property Details for 1117 San Joaquin St
- Year built
- 1917
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 3,304 SF
- Zone code
- RHD
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.284
- Latitude
- 37.9418
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
