6131 Gettysburg Pl
Stockton, CA 95207
6.7% Cap-9% Market Cap-7% $ on $-$277 Per ft · Multifamily Property For Sale · 53 Units

$9,985,999!!! - 6.7% Cap!!! - 9% Market Cap!!! - 7% Cash on Cash!!! - $277 Price Per Foot!!!
Building Description: This garden style 2 story property with 36,042 square feet is located at 6131 Gettysburg Place in Stockton California, on a lot size of 80,678 square feet, just under 2 acres. The property has a great unit mix of 22 one-bedroom units, and 31 two-bedroom units, all with private baths and kitchens. The property was built in 1972, with a new slab foundation, exterior walls are stucco, and the roof is flat TPO. Eighty percent of the units have been renovated. All units have separate gas and electric meters. Electric mains and subpanels were replaced in 2025. With 25% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Stockton market. The subject property has no deferred maintenance with 80% of the apartments renovated and is in good condition. There is onsite parking for all tenants. RUBS is in place for some of the tenants to cover utilities.
The subject property is a gated community comprised of four, two-story apartment buildings with 53 residential units. The unit mix includes one-bedroom and two-bedroom floor plans with one bathroom. The units generally have vinyl tile or carpet flooring. Lighting has been upgraded over the year to LED fixtures. The units include roof mounted packaged HVAC units, which, 2/3rds have been replaced. Oven range, refrigerator, and tile or stone countertops in the kitchen and bathrooms. The bathrooms include a porcelain commode and a porcelain tub/shower combination with tile splash. The bathroom sink areas have a wall-mounted medicine cabinet. The units have been renovated in 2026 and building D has a new roof that was replaced and others are in reasonable shape. The building is situated in the coveted Lincoln School District. The property has just been landscaped with new sprinklers, sod, flowers and bushes. It is highly convenient for shopping and dining, located just two blocks from Lincoln Center, Stockton's premier outdoor shopping destination. There is plenty of parking as well with a newly resurfaced parking lot with almost 1.5 parking spots per unit. Updated throughout, this apartment building has beautiful wooden floors and a neutral paint pallet, which has a new look and feel of classic Central Valley living. Delicious eateries and grocery stores next to the apartments.
The property has value-add potential with below market rents with upside through the renovations and operational efficiencies. It is a prime rental location in demand with the Lincoln Unified School District with low vacancy rate. The property is located in a desirable neighborhood and is a well-maintained asset in Stockton’s most popular shopping center, Lincoln center. The efficient unit mix of spacious one and two bedrooms make the property ideal for long-term tenants.
The community is nestled within the stable and sought-after highly rated Lincoln Village neighborhood, surrounded by quality retail, top-rated schools and major area employers. Its unit mix of spacious one- and two-bedrooms layouts is ideal for long-term residents and supports strong tenant retention. Proximity to I-5, Delta College, and University of the Pacific further enhances accessibility and position the property within a key residential and economic growth corridor. This is a rare opportunity to acquire a well-maintained, income-producing asset with substantial potential in a fundamentally strong Stockton submarket. The property benefits from strong tenant demand and consistent low vacancy rates.
Stockton is one of the Central Valley’s most strategically positioned cities, offering direct connectivity to major Northern California job hubs including Sacramento, the Tri-Valley, and the East Bay. The city benefits from strong population density and a diversified economic base supported by logistics, healthcare, education, manufacturing, and government employment. Key employment anchors such as Amazon, St. Joseph’s Medical Center, Kaiser Permanente, Safeway’s distribution operations, and the Port of Stockton drive steady workforce housing demand throughout the region. North Stockton, where The Lincoln Village Apartments are located, is known for its established residential neighborhoods, abundant retail amenities, and proximity to major transportation corridors including Interstate 5, Highway 99, and the ACE Rail system. The area continues to experience targeted investment, with new commercial development, infrastructure improvements, and growing interest from advanced manufacturing, sustainable energy, and technology-related companies. As rising home prices push ownership further out of reach for many households, high-quality rental housing in accessible locations like North Stockton remains a compelling choice for long-term residents and commuters alike.