1117 S San Joaquin St
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1117 S San Joaquin St
5 Unit Apartment Building $505,000 ($101,000/Unit) 7.35% Cap Rate Stockton, CA 95206
Investment Highlights
- Priced far below area comps. 7.35% cap rate on current cash flow.
- Recent improvements made to all units.
- Clear path towards high return with loss to lease recovery and additional income streams.
- Excellent value add apartment offering located in highly active submarket of Stockton, CA.
- Large lot provides owner with additional ADU possibility.
- Central Downtown Stockton location provides residents with easy access to Interstate 5, Highway 99, and Highway 4 along with daily needs shopping.
Executive Summary
The Central Valley Investment Team is pleased to present The San Joaquin Apartments, a five (5) unit apartment complex located at 1117 S. San Joaquin Street in Stockton, CA. The San Joaquin Apartments are a unique opportunity for an investor to acquire an asset located in the Downtown Stockton Submarket, with strong historical occupancy, solid cash flow characteristics, and a desirable location near Stockton’s downtown entertainment district, The Miracle Mile.
The San Joaquin Apartments feature four (4) one-bedroom/one-bathroom units, approximately ±600 square feet in size, and one (1) two-bedroom/one bathroom free standing unit, which is ±750 square feet in size. Building amenities onsite parking and storage, laundry, and a concrete driveway. The San Joaquin Apartments offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.
The San Joaquin Apartments feature four (4) one-bedroom/one-bathroom units, approximately ±600 square feet in size, and one (1) two-bedroom/one bathroom free standing unit, which is ±750 square feet in size. Building amenities onsite parking and storage, laundry, and a concrete driveway. The San Joaquin Apartments offers a great opportunity for an investor to own units in the rapidly appreciating Stockton market.
Property Facts
| Price | $505,000 | Apartment Style | Low Rise |
| Price Per Unit | $101,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.35% | Building Size | 3,150 SF |
| Gross Rent Multiplier | 6.68 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1917/1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $505,000 |
| Price Per Unit | $101,000 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Gross Rent Multiplier | 6.68 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,150 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1917/1950 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 1 | - | 750 |
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Walk Score ®
Very Walkable (78)
zoning
| Zoning Code | RH |
| RH |
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Andy Hodgson -
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1117 S San Joaquin St
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