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462 Delhi Ave 5 Unit Apartment Building $599,999 ($120,000/Unit) Stockton, CA 95206
Investment Highlights
- Newly renovated and remodeled
Executive Summary
Tucked away on a quiet street, 462 Delhi Ave presents a rare opportunity to own a thoughtfully updated 5-unit building, each offering a comfortable 1-bedroom, 1-bath layout. The property has seen a series of tasteful improvements that enhance both function and appeal, while preserving its classic charm.
Over the years, Most units have been refreshed with new flooring, appliances, and wall heaters, creating a warm and welcoming living space for tenants. Select units feature new windows, and Unit 4 enjoys a fully remodeled bathroom with updated plumbing. The building itself has been painted inside and out, with a new wooden fence adding privacy and curb appeal. Behind the scenes, key upgrades like new main electric panels for Units 4 and 5, and improved ventilation systems in the kitchens, ensure peace of mind for the next owner. With potential rents ranging from $950 to $1,150 per unit, this is an ideal income-generating property well-positioned for steady cash flow and long-term value.
Over the years, Most units have been refreshed with new flooring, appliances, and wall heaters, creating a warm and welcoming living space for tenants. Select units feature new windows, and Unit 4 enjoys a fully remodeled bathroom with updated plumbing. The building itself has been painted inside and out, with a new wooden fence adding privacy and curb appeal. Behind the scenes, key upgrades like new main electric panels for Units 4 and 5, and improved ventilation systems in the kitchens, ensure peace of mind for the next owner. With potential rents ranging from $950 to $1,150 per unit, this is an ideal income-generating property well-positioned for steady cash flow and long-term value.
Property Facts
| Price | $599,999 | Building Class | C |
| Price Per Unit | $120,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,100 SF |
| Gross Rent Multiplier | 10.1 | Average Occupancy | 40% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.38/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-1, Stockton - Residential Development | ||
| Price | $599,999 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.1 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,100 SF |
| Average Occupancy | 40% |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2025 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | R-1, Stockton - Residential Development |
Amenities
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,025 | 400 - 450 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 165-170-66 | Improvements Assessment | $313,056 |
| Land Assessment | $79,590 | Total Assessment | $392,646 |
Property Taxes
Parcel Number
165-170-66
Land Assessment
$79,590
Improvements Assessment
$313,056
Total Assessment
$392,646
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462 Delhi Ave
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