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Investment Highlights

  • Fully approved development plans for four modern 2BD + 2BA units totaling approximately 3,978 sq ft, eliminating entitlement delays.
  • Utilities believed to be available on-site, including sewer and water from the previous building, with PG&E service accessible overhead.

Executive Summary

Prime infill opportunity in a high-demand, central location - lot with plans already approved, saving significant time and soft costs. The approved layout features four well-designed, 2BD + 2BA units totaling approximately 3,978 sq ft. Units 1 and 3 are 981 sq ft, while Units 2 and 4 are 1,008 sq ft, each with private outdoor space including a deck or patio, creating strong long-term rental appeal. Utilities are believed to be on site, including sewer and water, as the property previously had an apartment building. PG&E service is available overhead. No waiting on entitlements - move forward with confidence knowing the project is already approved. Exceptional walkability: Midtown's Miracle Mile corridor is a pedestrian-friendly district with shopping, dining, entertainment, and strong neighborhood appeal. The area is a proven rental performer with strong demand and low vacancy. Additional upside: the location qualifies for city incentives for a reduction in permit fees, with estimated savings exceeding $58,000. A rare chance to build new units in a sought-after corridor while saving substantial time and money thanks to approved plans, fee incentives and utility access. Opportunities like this don't come around often, step into a project that's already in motion and bring it across the finish line. Buyer to verify all development standards, approved plans, fees/incentives, utility locations/capacities, and any program eligibility with the City of Stockton.

Property Facts

Price $249,950
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.10 AC
Opportunity Zone Yes
Zoning R-1 - Single-Family Residential

1 Lot Available

Lot

Price $249,950
Price Per AC $2,475,071.05
Lot Size 0.10 AC
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
137-122-11
Land Assessment
$54,121
Improvements Assessment
$0
Total Assessment
$54,121
  • Listing ID: 40299366

  • Date on Market: 4/26/2026

  • Last Updated:

  • Address: 133 W Magnolia St, Stockton, CA 95202

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