This Multifamily Property is Off-Market.

1225 El Monte Street at Pershing Avenue, NE
Stockton, CA 95207 ·

11 Units · Multifamily For Sale

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1225 El Monte Street-Sold and closed June 14, 2013

Price N/A Cap Rate 7.92%
No. Units 11 Occupancy 100%
Building Size 16,100 SF No. Stories 2
Property Type Multifamily Year Built 1978
Property Sub-type Garden/Low-Rise Lot Size 0.37 AC
Property Use Type Investment APN / Parcel ID 110-203-01
Distressed Yes Parking Ratio 17 / 1,000 SF
Listing ID: 17491259 Date Created: 01/18/2012 Last Updated: 06/19/2013

Description

$559,350.00 the official sales price---Owner single level unit with fireplace. Individual all electric HVAC central heating and air conditioning units. Each unit has a seperate electric hot water heater. 16,100 rentable square feet...New electrical service panel and electric meters now installed. Built by Jeff Larson in 1978-1979 time period.

Seven units are two bedroom floor plans including the front ground level unit originally designed for an owner user with a fireplace...1225 El Monte Street at Pershing Avenue, Brookside Village, Unit 1. .37 acre corner parcel. Two blocks from the University of the Pacific North Campus.

Highlights

  • Closed Friday, June 14, 2013.
  • Stockton Unified School District.
  • Sold for $559,350.00 to a local non profit using Federal NSP Funds via the City of Stockton.
  • All electric units with separate PG&E electric meters.
  • 1978-1979 Construction. Building enjoyed above average occupancy history.
  • John K. McCoy-00360484

Research

1225 El Monte Street at Pershing Avenue, NE, Stockton, CA 95207 (San Joaquin County)

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