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221 E Sonora St 10 Unit Apartment Building $750,000 ($75,000/Unit) 5.79% Cap Rate Stockton, CA 95203
Investment Highlights
- Immediate value add upside with all tenants on month to month leases and well below market rents
- Stabilized occupancy in a desirable one bedroom heavy unit mix with the ability to immediately lease the one vacant unit at market rate
- Proven renter demand supported by a central Stockton location near I 5, Hwy 99, retail, transit, and employment centers
- All MTM tenancy provides immediate ability to implement a value add program
Executive Summary
eXp Commercial is pleased to present this 10 unit multifamily apartment complex located at 221 E Sonora Street in Stockton, CA.
The property consists of 9 one bedroom one bathroom units and 1 studio unit. All tenants are currently month to month, allowing for immediate repositioning of rents and interior upgrades. Current rents are well below market, creating a strong value add opportunity and clear pathway for increased revenue.
Located near Downtown Stockton with convenient access to I 5 and Hwy 99, the property benefits from proximity to major employment centers, shopping, dining, public transit, and daily services. This location supports long term occupancy and solid leasing demand.
This asset is well suited for investors pursuing a stabilized building that provides cash flow today with meaningful upside available through renovation and improved lease structures.
Please inquire for additional information.
The property consists of 9 one bedroom one bathroom units and 1 studio unit. All tenants are currently month to month, allowing for immediate repositioning of rents and interior upgrades. Current rents are well below market, creating a strong value add opportunity and clear pathway for increased revenue.
Located near Downtown Stockton with convenient access to I 5 and Hwy 99, the property benefits from proximity to major employment centers, shopping, dining, public transit, and daily services. This location supports long term occupancy and solid leasing demand.
This asset is well suited for investors pursuing a stabilized building that provides cash flow today with meaningful upside available through renovation and improved lease structures.
Please inquire for additional information.
Property Facts
| Price | $750,000 | Building Class | B |
| Price Per Unit | $75,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,224 SF |
| Cap Rate | 5.79% | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $750,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,224 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Range
- Grill
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 700 |
| Studios | 1 | - | 924 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 149-065-12 | Improvements Assessment | $264,013 |
| Land Assessment | $36,201 | Total Assessment | $300,214 |
Property Taxes
Parcel Number
149-065-12
Land Assessment
$36,201
Improvements Assessment
$264,013
Total Assessment
$300,214
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221 E Sonora St
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