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Van Buren Oaks 630 N Van Buren St 11 Unit Apartment Building $1,280,000 ($116,364/Unit) 7.28% Cap Rate Stockton, CA 95203
Investment Highlights
- 11-unit multifamily property located at 630 N. Van Buren Street in Stockton’s Downtown/Civic Center area.
- Attractive 7.28% cap rate providing immediate yield with continued rental growth potential through stabilization.
- All 1-BD/1-BA units at 490 SF, with 10 of 11 units recently remodeled, offering strong in-place quality and value-add upside.
- Downtown amenities including University of the Pacific, Stockton Arena, Bob Hope Theatre, restaurants, & the Downtown Waterfront corridor.
Executive Summary
Colliers Central Valley Investment Team is pleased to present the Van Buren Apartments, an 11-unit multifamily property located at 630 N. Van Buren Street in Stockton’s Downtown/Civic Center area. The asset consists entirely of 1-bedroom / 1-bath units at approximately 490 SF, with 10 of the 11 units recently remodeled, offering a strong value-add and stabilized turnkey opportunity. With a 7.28% cap rate, the property provides an attractive in-place yield with additional upside through continued lease-up and rent optimization.
The property sits in a centrally located pocket of Stockton, near major downtown amenities, including the University of the Pacific, Stockton Arena, and the Bob Hope Theatre, all within a short drive. Residents benefit from walkable access to downtown restaurants, coffee shops, and everyday services, along with proximity to McLeod Lake and the Downtown Waterfront district. The area is also well-connected to public transit and major corridors, like Highway 4 and I-5, providing regional access to Sacramento and the broader Central Valley employment base.
The property sits in a centrally located pocket of Stockton, near major downtown amenities, including the University of the Pacific, Stockton Arena, and the Bob Hope Theatre, all within a short drive. Residents benefit from walkable access to downtown restaurants, coffee shops, and everyday services, along with proximity to McLeod Lake and the Downtown Waterfront district. The area is also well-connected to public transit and major corridors, like Highway 4 and I-5, providing regional access to Sacramento and the broader Central Valley employment base.
Property Facts
| Price | $1,280,000 | Building Class | C |
| Price Per Unit | $116,364 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,390 SF |
| Cap Rate | 7.28% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.06 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 2.04/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $1,280,000 |
| Price Per Unit | $116,364 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| Gross Rent Multiplier | 8.06 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,390 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.04/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 490 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 137-201-04 | Improvements Assessment | $1,098,350 |
| Land Assessment | $175,099 | Total Assessment | $1,273,449 |
Property Taxes
Parcel Number
137-201-04
Land Assessment
$175,099
Improvements Assessment
$1,098,350
Total Assessment
$1,273,449
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Van Buren Oaks | 630 N Van Buren St
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