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3704 Bonnie Ln 6 Unit Apartment Building $1,330,000 ($221,667/Unit) 7.26% Cap Rate Stockton, CA 95204
Investment Highlights
- unique floor plan featuring 1100 sq size units, newer roof 2 years old, new water heater remodled 3 units
Executive Summary
The property currently generates $10,850 in gross monthly income, including $300 per month from on-site laundry facilities, providing immediate and reliable income. Conveniently located near the University of the Pacific, shopping centers, restaurants, schools, parks, and major commuter routes, the property benefits from strong tenant demand and a desirable rental location.
Offered at $1,330,000, the property provides an estimated Net Operating Income (NOI) of approximately $95,440 and an attractive 7.18% capitalization rate. With stable occupancy, consistent rental income, and a prime location, 3704 Bonnie Lane represents an excellent opportunity to acquire a quality multifamily asset with long-term investment potential.
Offered at $1,330,000, the property provides an estimated Net Operating Income (NOI) of approximately $95,440 and an attractive 7.18% capitalization rate. With stable occupancy, consistent rental income, and a prime location, 3704 Bonnie Lane represents an excellent opportunity to acquire a quality multifamily asset with long-term investment potential.
Property Facts
| Price | $1,330,000 | Apartment Style | Low-Rise |
| Price Per Unit | $221,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.26% | Building Size | 6,883 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Zoning | R2 - Residential | ||
| Price | $1,330,000 |
| Price Per Unit | $221,667 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,883 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R2 - Residential |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,147 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 115-040-04 | Improvements Assessment | $816,000 |
| Land Assessment | $204,000 | Total Assessment | $1,020,000 |
Property Taxes
Parcel Number
115-040-04
Land Assessment
$204,000
Improvements Assessment
$816,000
Total Assessment
$1,020,000
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Presented by
Royalty Real Estate
3704 Bonnie Ln
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