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The Church Street Apartments 518 N Church St 9 Unit Apartment Building $1,450,000 ($161,111/Unit) 5.32% Cap Rate Lodi, CA 95240
Investment Highlights
- Strategically located on Lodi’s Church Street corridor.
- Significantly below market rents.
- All cement driveway and parking lot.
- Walking distance to Lodi’s beautiful Downtown.
- New subpanels installed in 2024.
Executive Summary
The Church Street Apartments offer a prime investment opportunity with strong upside potential. This 9 unit complex is located near historic Downtown Lodi, providing tenants walkable access to shops and events. With below-market rents, recent electrical upgrades, and a low-maintenance cement driveway, the property combines location, value-add potential, and durability.
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $161,111 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,956 SF |
| Cap Rate | 5.32% | Average Occupancy | 78% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,450,000 |
| Price Per Unit | $161,111 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,956 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.82/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 1 | - | 556 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 041-140-18 | Improvements Assessment | $395,621 |
| Land Assessment | $129,073 | Total Assessment | $524,694 |
Property Taxes
Parcel Number
041-140-18
Land Assessment
$129,073
Improvements Assessment
$395,621
Total Assessment
$524,694
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The Church Street Apartments | 518 N Church St
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