22 Vine St Stockton, CA 95202-1164

This 9-unit apartment building in Stockton, CA, presents a compelling investment opportunity. Built in 1976, the property features a mix of one- and two-bedroom units, totaling approximately 4,600 square feet. Eight units offer one bedroom and one bathroom, each around 512 square feet, while one unit boasts two bedrooms and one bathroom, spanning approximately 686 square feet. Residents enjoy secured parking, a controlled-access building, and professionally maintained grounds. On-site laundry facilities, currently operated by a third-party vendor, provide an additional revenue stream. The property benefits from a central downtown Stockton location, offering convenient access to major highways (Interstate 5, Highway 99, and Highway 4), nearby shopping, and the downtown entertainment district. The building's roof was replaced in 2018 with a TPO system. The property is zoned for high-density residential use (APN: 137-123-04) and presents a chance to increase returns through improved management and rent optimization. This is a stable, cash-flowing asset priced below replacement cost, particularly attractive given the high demand for one-bedroom units in the downtown Stockton area. The property is a two-story building.