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The Park Villa Apartments 322 W Park St 25 Unit Apartment Building $2,495,000 ($99,800/Unit) 7.04% Cap Rate Stockton, CA 95203
Executive Summary
Colliers Central Valley Investment Team is pleased to present the Park Villa Apartments, a well-maintained 25-unit multifamily community, located at 322 W. Park Street, in Stockton’s established Downtown neighborhood. The property features a desirable mix of twenty-three (23) 500 SF Studio units, one (1) 650 SF 1-bedroom/1-bath unit, and one (1) 850 SF 2-bedroom/1-bath unit. With 15 of the 25 units already remodeled, the asset offers an attractive combination of in-place income and continued value-add potential while delivering a strong 7.04% cap rate.
Residents benefit from convenient access to Downtown Stockton’s dining, shopping, and entertainment options, as well as nearby employers and public transportation. The property is just minutes from the waterfront, local retail centers, and educational institutions, including the University of the Pacific, making it appealing to a broad tenant base seeking affordability and accessibility.
Residents benefit from convenient access to Downtown Stockton’s dining, shopping, and entertainment options, as well as nearby employers and public transportation. The property is just minutes from the waterfront, local retail centers, and educational institutions, including the University of the Pacific, making it appealing to a broad tenant base seeking affordability and accessibility.
Property Facts
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $99,800 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 13,000 SF |
| Cap Rate | 7.04% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.03 | No. Stories | 2 |
| No. Units | 25 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-1 | ||
| Price | $2,495,000 |
| Price Per Unit | $99,800 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 8.03 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 500 |
| 1+1 | 1 | - | 650 |
| 2+1 | 1 | - | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 137-201-05 | Improvements Assessment | $1,770,094 |
| Land Assessment | $445,707 | Total Assessment | $2,215,801 |
Property Taxes
Parcel Number
137-201-05
Land Assessment
$445,707
Improvements Assessment
$1,770,094
Total Assessment
$2,215,801
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