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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
1 Lot Available
Lot
| Price | $249,950 | Lot Size | 0.10 AC |
| Price Per AC | $2,475,071.05 |
| Price | $249,950 |
| Price Per AC | $2,475,071.05 |
| Lot Size | 0.10 AC |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 137-122-11 | Improvements Assessment | $0 |
| Land Assessment | $54,121 | Total Assessment | $54,121 |
Property Taxes
Parcel Number
137-122-11
Land Assessment
$54,121
Improvements Assessment
$0
Total Assessment
$54,121
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133 W Magnolia St
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