Address
1326 East Lindsay Stockton, CA
Price
$ 729,000
Property Attributes
  • MLS#20027114
  • TypeIncome
  • CountySAN JOAQUIN
  • CityStockton
  • Zip95205
  • Style
  • Price$ 729,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size5,001 SqFt
Listing Provided Courtesy Of:
Ruby N. Toro CalBRE# - 01874469 with Catalyst Real Estate Profes
Property Description

On offer is an exceptionally maintained cash flowing 8 unit in Stockton with market rents of $750/unit. This 2 story multiplex sits on an low maintenance lot and offers investors a way to easily expand into the rapidly growing Stockton submarket. With less than 2% vacancy, a buoyant rental market and very little multifamily inventory, these units stay full and all tenants are paying. There is great upside for rents over time. There is no deferred maintenance as the current owner recently performed a home inspection and repaired all issues. With a professional management company in place, this is an easy to own commercial asset. 3/4 of the units have new flooring or upgrades made in the last 2 years. There is 2 year old commercial Roof with a 15 year warranty. There is considerable capital upside and a current NOI of 6.5%.

Elementary School Middle School High School
Stockton Unified Elementary School Stockton Unified Middle School Stockton Unified High School
Price History
5/13/2020 Listed $750,000
7/7/2020 3% - $729,000

General Features

Air Refrig Wall Units, Window
Amenities Washer/Dryer Leased
Apn 151-130-34
Area 20702
Cc&rs Yes
Census Tract 5.00
Construction Wood
Energy Features None
HOA MetroList Services, Inc.
HOA No
Parking 1 Space Per Unit
Property Subtype 5 or More Units
School County San Joaquin
Stories 2
Total # Leasable 8
Total Number Indiv Units 8
Year Built 1972
Zoning Commercial

Interior Features

# of 1 Bedroom Units 8
Equipment Varies by Unit, Washer/Dryer
Floor Covering(s) Varies by Unit
Furnished Y/N Varies By Unit
Heating Furnace Wall
Kitchen Appliances Varies by Unit
Unit 1 Apx Sq Ft 600
Unit 2 Apx Sq Ft 600
Unit 3 Apx Sq Ft 600
Unit 4 Apx Sq Ft 600
Unit 4 Full Baths 1

Exterior Features

Unit 1 Bedrooms 1
Unit 1 Full Baths 1
Unit 1 Rent 750
Unit 2 Bedrooms 1
Unit 2 Full Baths 1
Unit 2 Rent 750
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 3 Rent 750
Unit 4 Bedrooms 1
Unit 4 Rent 750
Acres 0.1148
Exterior Stucco
Roof Description Flat/Low Pitch
Total # Of Bldgs 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95205

Price
AVG $400K
$730K
Visits
AVG 88
178
Year Built
AVG 1939
1972
Walkscore
AVG 64
88
Data Provided by Walkscore ® not using MLS data

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