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462 Delhi Ave 5 Unit Apartment Building $569,999 ($114,000/Unit) 7.07% Cap Rate Stockton, CA 95206
Investment Highlights
- Newly renovated and remodeled
Executive Summary
462 Delhi Avenue is a fully renovated five-unit apartment community in Stockton, California, offered at $569,999 ($114,000/unit, ~$271/SF). The property consists of five one-bedroom / one-bath units, each extensively updated with new flooring, granite kitchen counters, gas ranges, remodeled bathrooms, new windows, and upgraded electrical panels — a turnkey asset requiring minimal near-term capital investment.
The offering presents a stabilized cash-flow play with built-in lease-up upside. Three units are currently leased and two renovated units are available for immediate occupancy. Tenants pay their own gas and electric plus a flat $125/month fee covering water, sewer, and trash, holding owner operating expenses low and supporting a projected 10.5% gross yield and approximately 7% cap rate at market.
Positioned in California's Central Valley near Interstate 5 and Highway 99, Stockton offers relative affordability and steady workforce-renter demand, making this an accessible entry point for private investors and 1031-exchange buyers.
Investment Highlights
Priced at $114,000/unit — below replacement cost for a renovated Central Valley asset
Fully renovated interiors: flooring, kitchens, baths, windows, electrical
Efficient all-1BD/1BA unit mix — simple management, strong workforce demand
Tenant-paid utilities (gas/electric + flat $125/mo water, sewer, trash)
Two move-in-ready units for immediate lease-up
Ideal for private capital or 1031-exchange buyers
The offering presents a stabilized cash-flow play with built-in lease-up upside. Three units are currently leased and two renovated units are available for immediate occupancy. Tenants pay their own gas and electric plus a flat $125/month fee covering water, sewer, and trash, holding owner operating expenses low and supporting a projected 10.5% gross yield and approximately 7% cap rate at market.
Positioned in California's Central Valley near Interstate 5 and Highway 99, Stockton offers relative affordability and steady workforce-renter demand, making this an accessible entry point for private investors and 1031-exchange buyers.
Investment Highlights
Priced at $114,000/unit — below replacement cost for a renovated Central Valley asset
Fully renovated interiors: flooring, kitchens, baths, windows, electrical
Efficient all-1BD/1BA unit mix — simple management, strong workforce demand
Tenant-paid utilities (gas/electric + flat $125/mo water, sewer, trash)
Two move-in-ready units for immediate lease-up
Ideal for private capital or 1031-exchange buyers
Property Facts
| Price | $569,999 | Apartment Style | Low-Rise |
| Price Per Unit | $114,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.07% | Building Size | 2,100 SF |
| Gross Rent Multiplier | 10.5 | 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 |
| Zoning | R-1, Stockton - Residential Development | ||
| Price | $569,999 |
| Price Per Unit | $114,000 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| Gross Rent Multiplier | 10.5 |
| 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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