Turnkey 10-Plex | Pro Forma Cap: 8.19% | 721 N Commerce St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Turnkey 10-Plex | Pro Forma Cap: 8.19% 721 N Commerce St
10 Unit Apartment Building $1,199,000 ($119,900/Unit) 5.76% Cap Rate Stockton, CA 95202
Investment Highlights
- Prime 10-Unit Apartment Complex: Consisting of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units.
- Extra Income Potential: On-site laundry machines leased out by WASH, with all maintenance handled by the company, providing the owner with hassle-free
- Energy Efficiency: Since 2015, dual-pane windows have been installed throughout the property, offering enhanced insulation and noise reduction, improv
- Value-Added Opportunity: Potential to increase rental income by adjusting rents to market levels. Additionally, implementing a Ratio Utility Billing S
- Modern Upgrades: 9 out of the 10 units have been fully remodeled, featuring updated finishes and modern amenities, offering tenants a fresh, contempor
- Durable Infrastructure: This property boasts a newly completed concrete driveway (2024), offering a sleek, long-lasting, and low-maintenance solution.
Executive Summary
Presenting an outstanding investment opportunity at 721 N. Commerce St., Stockton, CA. This 10-unit apartment complex consists of (8) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. The property features dual-pane windows, providing enhanced energy efficiency and noise reduction, as well as a durable concrete driveway, ensuring long-term, low-maintenance use. Additional amenities include both covered and uncovered parking, a common area laundry room, and a remote-controlled security gate for added safety. With current rents below market value, there is significant potential for value-add improvements. Stockton’s growing demand for quality rental housing indicates a consistent flow of prospective tenants, making this investment an excellent choice for generating steady rental income with low vacancy rates.
Property Facts
| Price | $1,199,000 | Building Class | C |
| Price Per Unit | $119,900 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,589 SF |
| Cap Rate | 5.76% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,199,000 |
| Price Per Unit | $119,900 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,589 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.43/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 350 - 500 |
| 2+1 | 2 | - | 650 - 750 |
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 137-180-39 | Improvements Assessment | $233,292 |
| Land Assessment | $94,256 | Total Assessment | $327,548 |
PROPERTY TAXES
Parcel Number
137-180-39
Land Assessment
$94,256
Improvements Assessment
$233,292
Total Assessment
$327,548
zoning
| Zoning Code | R3, Stockton (High Density Residential (City of Stockton)) |
| R3, Stockton (High Density Residential (City of Stockton)) |
-
Andy Le, M.B.A. -
First Commercial Real Estate
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Turnkey 10-Plex | Pro Forma Cap: 8.19% | 721 N Commerce St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.