1117 San Joaquin St Stockton, CA 95206-1442

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.