1905 N El Dorado St
Stockton, CA 95204

The El Dorado Apartments is a fully occupied 20-unit garden style community located in Stockton, California consisting of 20 One Bedroom (1BD/1BA) townhomes style units. The El Dorado Apartment complex was built in 1971 on almost half an acre comprised of four independent buildings each with dedicated water heaters and separately metered utilities. The complex offers amenities often not typically found in the Stockton market including in unit forced air HVAC and included TV and Wi-Fi for the individual units. The El Dorado Apartments is an easily run complex providing stable in-place cash flow with opportunity to increase NOI by marking rents to market and marketing existing storage units. This property has a history of high occupancy rates for a secure income stream. Vacancy has not been above 3% over the past 5 years. Current rental rents are +/- 16% below market. Active management of raising rents to Pro Forma levels will nearly double cashflow over the next 2 years. This us a unique opportunity for an investor looking for a well maintained, recently remodeled property with historically strong financials, low expense ratio and the ability to increase rent. Located at 1905 N El Dorado Street in Stockton, north of the downtown district just 3 blocks east of Stockton’s well known Miracle Mile.