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$100K Price Improvement 143 S California St 11 Unit Apartment Building $2,295,000 ($208,636/Unit) 10.64% Cap Rate Stockton, CA 95202
Investment Highlights
- Two Separate Buildings on One Parcel with One Master Lease to an Organization That Provides Transitional Housing and Services to United States Veteran
- Also includes 437 E Washington St, a Mixed-Use Four Unit Building Approx. 2,000 Sq. Ft. Comprised of Two Retail Units & Two Residential Units
- Diamond in the Rough Value Add Opportunity!
- Master Lease Tenant Pays ALL Utilities & Maintenance For Their Unit
- Featuring New Roll-Up Doors, Dual Pane Windows, and Recently Serviced & Approved Elevator
Executive Summary
https://143scalifornia.com/
This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149-130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.
This offering presents a seasoned investor the opportunity to acquire two buildings on a 10,000 Sq. Ft. lot on one APN (149-130-100-000) in downtown Stockton, CA. A minutes walk from San Joaquin County Human Services Agency building, the first building, 143 S California St is an 18,000 Sq. Ft. mixed use investment property right off CA Highway 4. Comprised of three floors, the entire 2nd and 3rd floors are master leased for 5 years on a NN lease. The ground floor has three vacant commercial units awaiting minor renovations to be ready to be leased. 143 S California St features new roll-up doors for the commercial units, dual pane windows, and recently serviced and city approved elevators. The second building is 437 E Washington St, a two story, approximately 2,000 Sq. Ft. mixed use building comprised of two retail units and two residential units delivered fully vacant providing an additional value add component.
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Elevator
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 149-130-10 | Improvements Assessment | $1,660,790 |
| Land Assessment | $169,793 | Total Assessment | $1,830,583 |
Property Taxes
Parcel Number
149-130-10
Land Assessment
$169,793
Improvements Assessment
$1,660,790
Total Assessment
$1,830,583
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$100K Price Improvement | 143 S California St
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