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4416 Precissi Ln
Stockton, CA 95207
The Cottage Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- All units are desirable two-bed two-bath floorplans, including upstairs lofted ceilings
- High demand from the University of Pacific school of pharmacy, just 0.4 miles away
- Value-add opportunity to raise rents by providing in-unit laundry
- Modern construction minimizes maintenance costs and simplifies insurance requirements
- Spacious floorplans, in-unit W/D hookups, gated access, concrete parking lot with covered parking and mature, lush landscape
- Potential to repurpose existing laundry facility and leasing office into ADU
Executive Summary
The DeLoney Group of Marcus & Millichap is proud to present The Cottages, a meticulously maintained 40-unit apartment community, built in 2002 and located adjacent to
the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively features two bedroom / two bathroom units, each spanning a
generous 944 square feet.
While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which is located just 0.4 miles away. The
property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants with privacy—making them especially popular among roommates.
In addition to the thoughtful unit designs, the property offers a low-density environment, covered parking, gated access, and lush landscaping, all of which distinguish it from
competing properties in the area.
Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area, Silicon Valley, and Sacramento. The
city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential living and commuting professionals. With Stockton’s steady population
growth and a lack of new construction in the region, the demand for rentals is projected to continue rising, which will likely put upward pressure on rents.
he new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property built in 2002, it combines the
advantages of newer construction with a relatively low unit count, a very rare combination in today’s marketplace. The property is stable, low-maintenance, and provides a
clear path to upside through strategic rent adjustments.
Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.
the University of the Pacific in Stockton, California. The offering, for sale for the very first time, exclusively features two bedroom / two bathroom units, each spanning a
generous 944 square feet.
While not deeded as a student property, The Cottages has naturally attracted students from the Thomas J. Long School of Pharmacy, which is located just 0.4 miles away. The
property’s spacious floor plans, particularly the rare two-bedroom, two-bathroom layouts, provide tenants with privacy—making them especially popular among roommates.
In addition to the thoughtful unit designs, the property offers a low-density environment, covered parking, gated access, and lush landscaping, all of which distinguish it from
competing properties in the area.
Located in the heart of the Central Valley, The Cottages benefits from direct access to major employment centers such as the Bay Area, Silicon Valley, and Sacramento. The
city is well-served by key highways, including I-5 and CA-99, making it an ideal hub for residential living and commuting professionals. With Stockton’s steady population
growth and a lack of new construction in the region, the demand for rentals is projected to continue rising, which will likely put upward pressure on rents.
he new owner of Cottages can add value by eroding the approximate 12% loss to lease on the rent roll upon lease renewal. As a property built in 2002, it combines the
advantages of newer construction with a relatively low unit count, a very rare combination in today’s marketplace. The property is stable, low-maintenance, and provides a
clear path to upside through strategic rent adjustments.
Please contact The DeLoney Group for more information or tours. Please do not disturb residents or management.
Property Facts
| Price Per Unit | $212,375 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.93 AC |
| Cap Rate | 6.01% | Building Size | 37,760 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | CO | ||
| Price Per Unit | $212,375 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.93 AC |
| Building Size | 37,760 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | CO |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Vaulted Ceiling
- Range
- Walk-In Closets
- Carpet
- Lawn
- Patio
- Porch
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
- Grill
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 40 | - | 944 |
Property Taxes
| Parcel Number | 110-420-12 | Improvements Assessment | $3,483,062 |
| Land Assessment | $101,955 | Total Assessment | $3,585,017 |
Property Taxes
Parcel Number
110-420-12
Land Assessment
$101,955
Improvements Assessment
$3,483,062
Total Assessment
$3,585,017
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