1616 Market St, Stockton, CA 95205-5555
- Apartment buildings
- 12,672 SF
- 0.56 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1616 Market St
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 0.56 lot acres
- Zone code
- C2
- Property type
- Apartment buildings
- APN
- 155-020-660-000
- APU
- 155020660000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 30, 2026 | — | Rumi 101 LLC | — | Deed · related | $1.2M · First Bank |
| Apr 10, 2025 | $1,450,000 | Rumi 101 LLC | Marianne Almada | Grant Deed | $1.2M · Center Street Lending Corporation |
| Apr 10, 2025 | — | Rumi 101 LLC | Rumi 101 LLC | Deed · related | — |
| Feb 5, 2019 | — | Marianne Almada | Sesca,jose L A | Affidavit Of Death · related | — |
| Feb 24, 2016 | — | Marianne Almada | Rosas,antonio R & Francisca C | Quit Claim Deed · related | — |
| Dec 2, 2015 | — | Antonio R Rosas | Almada,jose L | Grant Deed · related | — |
| May 15, 2014 | — | Marianne Almada | Almada,jose L | Quit Claim Deed · related | — |
| Sep 13, 2000 | — | Shu-fung L Dwyer | Dwyer,robert E | Quit Claim Deed · related | — |
| Sep 13, 2000 | $420,000 | Almada,jose L | Dowen,howard P & Marian L | Trustees Deed | $326k · Southern Pacific Bank |
| Jul 30, 1997 | $471,623 | Howard P Bowen | Laura Aburto Family LP | Trustees Deed | — |
| Apr 13, 1994 | — | Sadav Trust | Sudav Trust | Grant Deed · related | — |
| Jul 12, 1993 | $90,000 | Artel Trust | Markeug Trust | Grant Deed · related | $90k · Individual |
| Jan 29, 1993 | — | Markeug,trust | — | Deed Of Trust · related | — |
| Feb 11, 1992 | $103,000 | Laura Aburto Fam | Rodriguez,jose | Grant Deed | — |
| — | — | Laura Aburto Family Ltd Partners | — | Deed Of Trust · related | $398k · Stockton Mortgage |
| — | — | Jose L Almada | — | Deed Of Trust · related | $316k · Bank Of Stockton |
| — | — | Jose L Amada | — | Deed Of Trust · related | $343k · Bank Of Stockton |
Description
This exceptional investment opportunity presents a 16-unit apartment building located at 1616 E Market St, Stockton, CA 95205. Built in 1992, this two-story, Class C property boasts a total of 12,000 square feet, offering 16 units, each approximately 792 square feet with two bedrooms and one bathroom. Each unit is equipped with air conditioning. The property includes secure parking for all tenants. Currently generating a NOI of $80,000, with a pro-forma NOI of $110,000, this property offers a compelling 3.64% cap rate and a pro-forma cap rate of 5.00%. The asking price is $2,200,000, translating to $137,500 per unit and $183.33 per square foot. Situated in a prime location, approximately an hour south of Sacramento, this well-maintained complex presents a strong cash flow and significant potential for future growth, making it an ideal addition to any investor's portfolio. The property benefits from long-term tenants, ensuring consistent rental income. This is a rare opportunity to acquire a stable and profitable multifamily investment in a desirable California market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $850,000
Market price range: $851k - $1.96M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stockton
- County
- San Joaquin
- State
- California
- Longitude
- -121.269
- Latitude
- 37.9549
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
